The Taiwanese Ministry of Economic Affairs has announced plans to nearly quadruple Taiwan’s share of electricity generated from renewable sources to reach 90 TWh by 2030, compared to 23 TWh in 2022. The ministry’s announcement came after the Taiwan Semiconductor Manufacturing Company (TSMC) announced that it would not be able to achieve carbon neutrality by 2030 due to scarce supply of renewable energy in Taiwan.
As of 2022, Taiwan’s power generation mix was dominated by coal (42%, 121 TWh) followed by gas (39%, 112 TWh), nuclear (8%, 24 TWh), solar (4%, 11 TWh), hydro (3%, 9 TWh), oil (2%, 4 TWh), biomass and wind (1% each with less than 4 TWh). The share of renewables in power generation has increased steadily in the past years (15 TWh in 2020, 17 TWh in 2021, 23 TWh in 2022). In 2021, Taiwan set a target to reach 15 GW of offshore wind capacity by 2035 (237 MW in 2021). In 2017, the country also set a target to reach 20 GW of solar capacity by 2025 (7.7 GW in 2021).
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