2023 Energy Taiwan and Net-Zero Taiwan Promotes Renewable Energy and Sustainability

Strategic Insights -

Taipei, Taiwan, will host the 2023 Energy Taiwan and Net-Zero Taiwan event from October 18-20 at the Taipei Nangang Exhibition Center, Hall 1 (TaiNEX 1). The event is a joint initiative by the Taiwan External Trade Development Council (TAITRA) and Green Energy and Sustainability Alliance (GESA), a SEMI Industry Group. This major platform for promoting renewable energy will bring together industry leaders, public sector representatives, academia, and research organizations to discuss the latest innovations and collaborations in the field of renewable energy.

Key Takeaways:

  • The Smart Energy Storage Forum will explore ways to support industry development and realize the AlwaysOn vision for energy storage systems, featuring experts from the Ministry of Economic Affairs, Delta Electronics, Ancillary Power, and CTBC Bank.
  • The Net-Zero Taiwan International Forum will feature experts from France, Finland, Spain, the Taiwan Carbon Solution Exchange (TCX), and the Carbon Disclosure Project (CDP) offering insights on Go Green: Trends and Insights, Green Finance: Financing for Energy Revolution, and Green Energy: Powered by Tech.
  • The Energy Transition: Toward a Sustainable Future Forum will explore the latest trends and cutting-edge applications in green power, green finance, and green power industry development, with experts sharing viewpoints on how to sustainably develop green energy and create a new green finance ecosystem.
  • Solar Power Technology Symposium will discuss the latest solar power industry trends and paths to new innovations, including the advantages of perovskite technology and new developments in optical storage for solar power systems.
  • The event will also highlight the growth of renewable energy in Taiwan, with solar power photovoltaics accounting for 68.9% of renewable energy expansion and the average annual growth rate of Taiwan's installed renewable energy capacity reaching 21.9% over the past five years.

Statistics:

  • Global investment in renewable energy in 2023 is expected to reach US$1.7 trillion, an increase of 24% compared to 2021, according to the World Energy Investment 2023 report released by the International Energy Agency (IEA).
  • Total annual investment in solar power energy is expected to exceed anticipated new investments in the upstream petroleum sector for the first time.
  • Taiwan's installed renewable energy capacity has grown by an average annual rate of 21.9% over the past five years, compared to the global average of 9.1%.
  • Solar power photovoltaics accounts for 68.9% of renewable energy expansion in Taiwan, with the growth rate of offshore wind power at 7.4%, onshore wind power at 5.5%, and conventional hydropower at 13.5%.

Sources:

  • SEMI
  • Taiwan External Trade Development Council (TAITRA)
  • Green Energy and Sustainability Alliance (GESA)
  • International Energy Agency (IEA)
  • Taiwan's Ministry of Economic Affairs