‘GLOBAL MODEL’: European companies have the expertise to play a crucial role in energy reform and transformation in Taiwan, ECCT chairman Kakan Cervell said

Taipei Times
Date: May 31, 2018
By: Crystal Hsu  /  Staff reporter

The European Chamber of Commerce Taiwan (ECCT) yesterday welcomed Taiwan’s efforts to speed up the development of renewable energy systems, saying that European companies could assist with energy sector reform and have set up operations in Taiwan to advance the goal.

“European corporations have led the way in research and development of low-carbon energy solutions and technologies… In doing so, they have created new supply chains and business models,” ECCT chairman Kakan Cervell told a news conference prior to the release of the chamber’s energy white paper prepared in cooperation with state-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油).

Taiwan has begun to shift its energy production toward renewables, which it hopes would contribute 20 percent of the total electricity supply by 2025, when the government aims to phase out nuclear power.

The energy reform aims to achieve a power mix of 20 gigawatts (GW) of solar photovoltaic, 5.5GW of offshore wind and 1.2GW of onshore wind installed capacity.
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