TAIWAN TARGETS NEW ENERGY

Taiwan Government Initiatives to Stimulate Green Energy Industry
July 8, 2009 (Solar Buzz)

"The Taiwan government has started several initiatives aimed at supporting the growth of the domestic green energy industry, which is helping to cut carbon emissions and make better use of renewable energy. In the next five years, the government will invest a total of NT$45 billion (US$1.4 billion) to boost the industry. The government aims to increase industry revenue to NT$1.5 trillion by 2015, from last year`s NT$160.3 billion.

"By 2015, the industry is expected to account for 6.6% of the total revenue of Taiwan`s manufacturing industry and create 110,000 jobs…"

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"In June, Taiwan’s Legislative Yuan passed the Statute for Renewable Energy, and in April, Taiwan’s Executive Yuan approved a project for new industrial development — The Takeoff Program for the Green Energy Industry…[It] will be divided into two parts.

"The first stage will focus on solar energy and light-emitting diodes (LEDs). The aim is to make Taiwan one of the world's top-three producers of solar energy batteries and the world's largest supplier of LED lights and modules. Taiwan will change all of its 700,000 traffic signals to LEDs and by 2011, the island aims to complete the construction of Asia's largest solar power plant. The global market for LEDs, worth about US$5 billion, is likely to more than double in size by 2012 as nations and consumers use the energy-saving lights to cut expenses and help reduce carbon emissions. LEDs are likely to capture a larger portion of the market for nearly every type of lighting such as displays in electronic devices, road signage, traffic lights, large public information screens and video displays."

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"Taiwan’s LED industry…[is] the world’s second largest by revenue…[Some of] Taiwan’s solar cell makers…are among the world’s ten largest solar cell makers by revenues.

"The second stage of the Takeoff Program will promote wind power generation, biofuels, hydrogen energy and fuel cells. Electric vehicles will be among the target products in this phase with the aim of developing Taiwan into a global supplier of wind power generation systems and becoming a key production base for electric vehicles and fuel cell system assembly in the Asia-Pacific region. The government aims to make Taiwan a key center for electric-vehicle manufacturing and fuel-cell assembly…"