To accelerate growth of the green energy sector, the Executive Yuan has designated green energy infrastructure as a part of the Forward-looking Infrastructure Development Program. Running from 2017 to 2022, the plan is divided into three terms and funded by a special budget of NT$27.2 billion (US$963.1 million) to promote four main components. By reinforcing the infrastructure and certification capabilities needed for the future of green energy, the plan hopes to create a demand-driven domestic market for energy, push growth and innovation in related industries, and transform Taiwan into a major center for green energy development in Asia.
Four main components
■ Smart energy conservation: This component will install low-voltage smart meters across Taiwan, beginning with 200,000 units in 2017, 1 million cumulative units by 2020, and 3 million cumulative units by 2024.
■ Solar energy: A two-year solar photovoltaic promotion project implemented from July 2016 to 2018 has helped industries develop high-efficiency, low-cost component technology while improving the performance of domestic solar fields and the overall competitiveness of the industry. Several demonstration projects have helped resolve feeder line or administrative obstacles and accelerated implementation. As of June 2021, a total 6.62 gigawatts (GW) of solar capacity has been installed as part of the long-term goal of installing 20 GW of capacity (3 GW from rooftop systems and 17 GW ground-mounted panels) by 2025.
■ Wind power: To make Taiwan's wind farms internationally competitive, this component will construct the underwater foundations and heavy cargo piers needed for wind power development. The target for wind power is to install 6.7 GW of total capacity (1.2 GW from land-based systems and 5.5 GW from offshore systems) by 2025.
■ Shalun Smart Green Energy Science City: The purpose of this component is to create an innovative green-energy industry ecosystem and make it a site to demonstrate and verify the trial mass production of green energy technology, as well as an industrial chain hub and display window, moving towards the goal of net zero carbon emissions. The Shalun science city will also promote a third-party inspection and testing center to encourage financial companies to invest in renewable energy technologies. Such a comprehensive green financing mechanism will enable Taiwan's renewable energy sector to tap into the global market.