Massive investment needed to hit renewable energy goal: official

Focus Taiwan
Date: 2017/10/23
By: Huang Ya-chuan and Kuan-lin Liu

Taipei, Oct. 23 (CNA) Meeting the national goal of having renewable energy contribute

Yang Wei-fuu (楊偉甫, second right)

20 percent of Taiwan’s electricity needs by 2025 could require a NT$1.8 trillion (US$59.5 billion) investment, Vice Economic Affairs Minister Yang Wei-fuu (楊偉甫) said Monday.

Speaking at a forum on renewable energy, Yang said Taiwan had 4.8 gigawatts (GW) of installed renewable energy capacity as of July 2017, but a total of 20 GW of solar power capacity and 4.2 GW of wind power capacity would be needed to meet the 2025 energy goal.

That will take an additional NT$1.8 trillion in investment, the vice minister noted.

A total of NT$1.2 trillion will be needed to increase the installed capacity of roof-mounted solar panels to 3GW and of ground-mounted panels to 17GW by 2025, Yang said.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.