Green energy is one of the pillars of the "five plus two" innovative industries program. In order to successfully transform Taiwan's energy sector and achieve the 2025 goal of generating 20 percent of the nation's electricity from renewable sources, the Executive Yuan on October 27, 2016 passed a plan to promote an innovative industrial ecosystem for green technologies, encompassing energy production, conservation and storage, as well as system integration capabilities. Taiwan now looks forward to green energy technologies emerging as a new engine driving energy sector transformation and economic growth nationwide.
■ Two-year solar energy program: Taiwan aims to strengthen the local solar energy industry and develop an independent domestic supply chain. The goal is to build solar-powered generating capacity of 20 gigawatts (GW) by 2025, with total investment of NT$1.2 trillion (US$34 billion) and an annual industry output value of NT$340 billion (US$11.6 billion).
■ Four-year program to promote wind power: By building up the offshore wind turbine industry and developing an independent domestic supply chain, Taiwan will achieve its objective of installing 4.2 GW of wind-powered generating capacity by 2025, with total investment of NT$613.5 billion (US$20.9 billion) and an industry output value of NT$121.8 billion (US$4.1 billion).
■ Advanced metering infrastructure (AMI) demonstration project: The installation of 3 million advanced meters by 2024 will drive growth in AMI-related industries and push cumulative production value to NT$41.3 billion (US$1.4 billion) from 2017 through 2024.
■ Construction of the Shalun Smart Green Energy Science City: Tainan City will host a new industrial innovation cluster bringing together industry, academia and researchers as part of what will become a national hub for the research, development and demonstration of green energy technologies, as well as a showcase for Taiwan's technology globally.