View Full Version : Taiwan green energy industry set to boom after new law enacted

06-17-2009, 03:19 PM
Yeh Hui-ching, director ofthe MOEA Bureau of Energy, said passage of the Renewable EnergyDevelopment Act has formally ushered into Taiwan the era of alternativeenergy development and related applications.

"It means that inthe future, the development and application of renewable,pollution-free sources of energy that produce low amounts ofcarbon-dioxide emissions will be given priority in terms of low-carbonenergy development in the country, " Yeh said during a ceremony markingthe establishment of the Taipei-based Chinese Alternative EnergyAssociation.

The enactment of the statute represents thebeginning of a linkage between energy and environmental conservation,he said.

The act provides a legal framework that will encourageinvestment in renewable energy production and offer incentives to localconsumers to install renewable energy equipment.

Under the law,the government will provide incentives such as equipment purchasesubsidies and low-interest loans to increase renewable energygenerating capacity in Taiwan to between 6.5 million kilowatts and 10million kilowatts.

Yeh said it is hoped that these and otherincentives will boost the development of local solar, wind, biomass andother green sectors.

In line with the spirit of the new statute,he said, the Executive Yuan has also instructed that 10 percent of thefunding for public construction projects under the government's publicworks stimulus package will be set aside for the development ofrenewable energy or energy-saving efforts.

"These plans will in turn form the foundation of green business in the country," he added.

In addition to permitting state-run Taiwan Power Co. to buy electricitygenerated by private renewable energy investors, the statute alsoallows the government to offer other incentives to speed up thedevelopment of renewable energy technologies.

The statutestipulates that the development of solar photovoltalic energy, solarthermal energy, wind power generation, biomass energy and nuclear powergeneration will be given priority in terms of energy development.

Of these sectors, the solar energy sector will hopefully become thecountry's next NT$1 trillion industrial sector and result in Taiwanbecoming a leading manufacturer of solar photovoltalic energy equipmentin the world, said National Taiwan University President Lee Si-chen,who is the convener of a national energy development project authorizedby the National Science Council.

"The government's target isquite clear now that the installation capacity of renewable energy willaccount for 15 percent of the entire power installation capacity in thecountry by 2025, with its power generation capacity projected toincrease to 8 percent of the total power supply in Taiwan," Lee said.

Meanwhile, Tsai Chin-yao, chairman of the Solar Photovoltalic EnergyDevelopment Committee under the non-profit Semiconductor Equipment andMaterials International (SEMI) Taiwan, forecast that the enactment ofthe statute will spark investment of NT$30 billion in Taiwan'srenewable energy sector within one year.

The investment could create up to 10,000 jobs and generate NT$100 billion in revenues within one to two years, he forecast.

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