June 17, 2005
As the most quickly achievable element of the government's renewable energy promotion policy, the volume of electricity generated from wind power in Taiwan is set to climb from 12,500 kilowatts in 2004 to 2.159 million kilowatts in 2010, according to the
MOEA Bureau of Energy. An increase of this degree is estimated to require total investments of
NTD 100 billion.
Taiwan's local content ratio requirement of 40% means that local companies will need to increase their production value for wind power equipment to
NTD 40 billion in order to reach the BOE target.
The BOE notes that wind power technology is the most mature among renewable energy technologies and there is huge room for growth in the installation of wind farms in Taiwan.
Industrial Technology Research Institute figures show that
USD 9 billion was invested in wind power worldwide in 2003.
The BOE, while promoting energy conservation, is also pushing a variety of renewable energy sources, including hydro power, wind power, solar power, geothermal power and biomass power, to meet the nation's energy demands. The energy bureau aims to boost the total installed capacity for renewable energy from 2.486 million kilowatts in 2004 to 5.139 million kilowatts in 2010. This would raise the percentage of electricity generated by renewable energy sources in Taiwan from 5.54% to 10%.
As for solar energy, the BOE points out that the global installed capacity for solar power systems has increased by over 30% in the last four years. The global production value for solar energy is projected to reach
USD 4.23 billion in 2010 and then grow to
USD 48.85 billion by 2020. The BOE aims to boost Taiwan's solar energy capacity to 21,000 kilowatts by 2010. It is estimated that Taiwan's solar energy-related production value would need to rise to
NTD 7 billion in order to reach the bureau's solar power target.
(Central News Agency)
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