Focus Taiwan
Date: 10/20/2020
By: Liang Pei-chi and Frances Huang

Taipei, Oct. 20 (CNA) As foreign investors continued to inject funds into Taiwan's renewable energy sector, foreign direct investment (FDI) in the country for the first nine months of this year exceeded US$6 billion, the Investment Commission said Tuesday.

Data compiled by the commission showed that FDI approved by the agency totaled US$6.32 billion during the period, after GRP III Taiwan U.K. Ltd. secured approval in September to invest NT$6.78 billion (US$234 million) in Taiwan-based solar energy developer New Green Power.

The accumulated FDI in the nine-month period was the fourth- highest in 10 years, but the figure fell 19.77 percent from a year earlier on a relatively high comparison base over the same period, when Germany-based Yunlin Holding GMBH invested NT$14.1 billion in local offshore wind energy development, the data indicated.

The commission said that approved investment from the countries covered by the government's New Southbound policy, such as the Association of Southeast Asian Nations (ASEAN) member countries, India, Australia and New Zealand, totaled about US$299 million over the nine months, down 65.26 percent.    [FULL  STORY]