Taiwan to Lead the Way to Renewable Energy

Taiwan is set to blaze a trail in renewable energy development with its major policy initiatives that are designed to exploit the country’s extensive renewable resources.

The island state sees renewable energy as an important route to greater security of supply than is possible through its current heavy reliance on imported fossil fuels. After an 8-year delay, in mid-2009 Taiwan finally passed its Renewable Energy Development Act (REDA) ‒ the key legislative framework that it hoped would kick-start a boom in renewable development in the nation of 23 million people.

The act consists of a familiar mixture of obligations and incentives that are designed to achieve a 16% share of installed capacity for renewable energy by 2025, against an estimated 8% in 2010, according to figures from Taiwan’s Bureau of Energy (BoE).

Source: Offshore Wind