New Taiwanese green energy bill


Taiwan’s government reports that it has passed a bill on renewable energy that is expected to attract Taiwan $30 billion (US $937 million) worth of investment. Parliament approved the measure on 13 June 2009, which is aimed at adding between 6,500 and 10,000MW of installed energy from renewable to Taiwan’s current 2,287MW (5.8%) over the next 20 years.

Before this bill passed, providers were obligated to sell electricity to state-run Taiwan Power at Taiwan $2 per kilowatt-hour, compared with the Taiwan $8 they recommended. The bill is part of the government’s plan to reduce carbon dioxide emissions to 2000 levels by 2025.The government now plans to offer incentives and loosen regulations on renewable energy providers, in addition to creating a pricing mechanism for various sources of solar or wind energy.

United Daily news estimates that the bill will induce over Taiwan $30 billion in investment in the first year and create more than 10,000 jobs. Needless to say, industry watchers welcomed this. They estimate that the clean-energy industry will generate some Taiwan $100 billion in revenue within one to two years.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA