News

Taiwan’s TPC to Issue NT$12.7 Billion Worth of Green Bonds in November to Propel Establishment of Green Energy

published: 2021-10-07 9:30
In order to raise the required funds for the implementation of green energy and power development, the Taiwan Power Company announced today (7th) that it is scheduled to issue the third commonly unsecured corporate bond in 2021 at NT$12.7 billion in mid-November, of which the 7-year corporate bond of NT$6.4 billion has been approved in eligibility for green bonds by the Taipei Exchange, and will be used for the green investment program of “development of renewable energy and energy technology”. ...  more

CSG to Add 36GW of PHES in Next 15 Years

published: 2021-10-07 9:30
Chinese news agencies and websites reported on September 23 that state-run utility China Southern Power Grid (CSG) will be investing to massively expand its energy storage capacity between the period from the 14th to 16th Five-Year Plan. In particular, CSG plans to install 36GW of pumped hydroelectric energy storage (PHES) in order to support the transition to an electric power system based on new energy technologies. CSG unveiled this investment project to local media via its subsidiary that is responsible for load and frequency management, and the intention behind the project is to help the central government achieve its targets related to peak and net-zero CO2 emissions. ...  more

Taiwan’s MOEA Claims Green Energy Infrastructure Build-Out Affected by COVID-19 as Green Energy Accounts for Only 5.5% of Taiwan’s Total Energy Generation in 2021, Falling Short of 12% Target

published: 2021-10-07 9:30
Taiwan has been setting discrete goals regarding renewable energy installation every year in order to have renewable energies account for 20% of the island’s total electricity supply in 2025. Thanks to the impact of the COVID-19 pandemic this year, however, Taiwan will find it difficult to achieve its goal of 12% this year, as renewable energy current accounts for only 5.5% of Taiwan’s electricity supply. ...  more

UK Government Prepares to Launch Its Largest Offshore Wind Energy Auction

published: 2021-10-05 9:30
The Department for Business, Energy & Industrial Policy of the UK government announced on September 13 that it will be holding the country’s largest renewable energy auction for offshore wind power. The goal of this auction is to build up enough generation capacity to meet the electricity demand of 800 million homes. ...  more

Linyang Signs Agreements to Develop DG PV and Energy Storage Projects in Shandong, Hebei, and Yunnan

published: 2021-10-04 17:39
Jiangsu Linyang Energy, a Chinese manufacturer for electric power equipment and electricity meters, announced on September 28 that it and its wholly owned subsidiaries have signed cooperation agreements with the management committee of the Weifang Hi-Tech Zone, the municipal government of Pingquan, the government of Yilang County, and Yunnan Power Grid to promote the development new energy projects. ...  more

Japanese Government Plans to Mandate PV Installations on New Homes

published: 2021-10-04 9:30
In Japan, a draft proposal on green building requirements was recently approved at a government-sponsored panel meeting, according to reporting by news agencies based in the country and elsewhere. The proposal calls for a tightened energy efficiency standard that will be applicable to new residential buildings starting in 2025. ...  more