Taiwan Lays Plans for $59 Billion in Renewable-Energy Finance
- Green bonds are starting to gather pace since rules unveiled
- Plenty of challenges, given lack of a mature supply chain
Solar panels stand in Goheung, South Korea.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
New energy, meet new finance. That’s the thinking of Taiwan’s government, which is starting to map out funding plans for a power system that can no longer rely on nuclear reactors.
Prime Minister Lin Chuan’s administration aims to increase the share of renewable energy such as water, wind and solar to 20 percent of total power output on the island by 2025, up from 5 percent currently. The Taiwan government hopes to attract NT$1.8 trillion ($59 billion) of private capital.