There are currently three ways to obtain renewable energy in Taiwan: signing a Corporate Power Purchase Agreement (CPPA), self-consumption, and purchasing a Renewable Energy Certificate (T-REC).Figure 2. Green energy acquisition patterns in Taiwan (2022)Source: National Renewable Energy Certificatio Contact online >>
There are currently three ways to obtain renewable energy in Taiwan: signing a Corporate Power Purchase Agreement (CPPA), self-consumption, and purchasing a Renewable Energy Certificate (T-REC) gure 2. Green energy acquisition patterns in Taiwan (2022)Source: National Renewable Energy Certification Center
The prices of both bundled or unbundled T-RECs are determined by the market and therefore fluctuates. In addition, even though the Taiwanese government has not set a floor price, the price of the T-RECs must be higher than the FIT rates, which provides an incentive for renewable energy generators to switch from the FIT mechanism.
The report includes real-time prices and project information collected through interviews with multiple power companies to provide buyers and sellers with transparent price comparisons and competitor analysis services.
With 31 big Taiwanese companies joining the RE100 initiative, the demand for non-nuclear renewable energy is rapidly increasing, Minister of Economic Affairs Wang Mei-hua () said at a virtual forum on Tuesday.
The 31 companies, including major chipmakers such as Taiwan Semiconductor Manufacturing Co () and United Microelectronics Corp (), have a combined revenue of about NT$5.8 trillion (US$178.8 billion), Wang said in her speech about renewable energy development in Taiwan.
Taiwan is estimated to generate about 35.6 billion kilowatt-hours of renewable energy this year, while enterprise demand, based on a ministry survey, is about 22.1 billion kilowatt-hours, which shows that the supply of renewable energy is sufficient to meet demand, she said.
Rebutting criticism of the government''s policy of zero nuclear power by 2025, Wang said that diversifying the sources of energy by increasing non-nuclear renewable energy should not be seen as a cause of possible future power shortages.
The minister''s remarks came amid demands by some companies or groups that the lifespan of the Guosheng and Ma-anshan nuclear power plants in New Taipei City''s Wanli District () and Pingtung County''s Hengchun Township () be extended.
Tung Tzu-hsien (), chairman of contract electronics maker Pegatron Corp (), said in an interview on Monday that non-nuclear renewable energy would not be sufficient for the world to reach net zero emissions by 2050.
By importing a new kind of nuclear power plant designed by Finland called OL3 and extending the service of the Guosheng and Ma-anshan nuclear power plants, Taiwan could immediately raise its non-carbon-emitting power to about 50 percent of its energy mix from the current 16 percent, he said.
Tung''s comments have raised particular attention as he is vice chairman of the New Frontier Foundation, a Democratic Progressive Party (DPP)-affiliated think tank.
Under the current administration of President Tsai Ing-wen (), Taiwan decommissioned two of its three nuclear power plants, and two reactors at the still operational Ma-anshan nuclear power plant are expected to be shut down in July this year and May next year.
However, due to recent energy price increases, opposition parties have proposed amending the law to extend the service of the Guosheng and Ma-anshan nuclear power plants or even restart construction of the Lungmen nuclear power plant in New Taipei City''s Gongliao District ().
There are 443 nuclear plants in operation around the world, with about 50-60 reactors under construction and over 100 planned, Pan said at a meeting of the CNFI board of directors and supervisors, during which president-elect William Lai () presented him with a certificate confirming his election as chairman.
France, Japan and South Korea all use nuclear power and the Group of Seven (G7) nations recognized nuclear as a zero-emission clean and low-cost energy source in their joint communique issued last week following a two-day ministerial meeting, Pan said.
Lai, who will be inaugurated on May 20, did not directly respond to questions from the media about extending the service of nuclear power plants in Taiwan proposed by industry leaders including Tung.
About Taipei renewable electricity
As the photovoltaic (PV) industry continues to evolve, advancements in Taipei renewable electricity have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Taipei renewable electricity for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Taipei renewable electricity featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
