Focus Taiwan
2016/10/30 18:31:27
By: Huang Li-yun and S.C. Chang
Taipei, Oct. 30 (CNA) Macquarie Capital of Australia sees Taiwan’s green energy
John Walker
project as Asia’s biggest business opportunity and has decided to invest NT$25 billion (US$790 million) over three years in Taiwan’s renewable energy market.
Touting his company’s record in Korea, where Macquarie earns a 6-7 percent return on investment in infrastructure projects, Macquarie Chairman John Walker said he expects a similar return in Taiwan, but argued that Taiwan needed to raise the wholesale price for renewable energy.
In an interview with CNA, Walker said his company has signed a letter of intent with the Ministry of Economic Affairs to build offshore wind farms to help realize the government’s goal of replacing nuclear power with green energy by 2025. [FULL STORY]