Shen Jong-chin: No Power Shortages by 2030 In response to concerns raised by the Chinese National Federation of Industries (CNFI) regarding potential power shortages due to green energy policies, Minister of Economic Affairs Shen Jong-chin stated today (20th) that there will be no power shortages by 2030. This includes consideration of the demand from major semiconductor manufacturers, the return of Taiwanese businesses, and the development of electric vehicles. The Ministry of Economic Affairs estimates a reserve capacity rate of 15%. Furthermore, with the initial development of green energy, the original 2025 power generation energy mix of 20% renewable energy, 30% coal, and 50% natural gas may be slightly adjusted. Speaking at the \"2019 International Forum on Energy Transition and Green Economy,\" Shen Jong-chin pointed out that the Ministry of Economic Affairs has already explored power planning towards 2030. The basic proportion of natural gas should remain unchanged. However, as green energy technologies mature, Taiwan may adjust its power generation energy mix, similar to other countries. Shen Jong-chin further pointed out that due to concerns about coal, the future power generation energy mix will primarily consist of renewable energy and natural gas. Furthermore, under the premise of stable power supply, the number of coal-fired power plants will be gradually reduced in principle. Shen stated that the semiconductor industry will be the largest electricity consumer in Taiwan in the future, including TSMC's 5nm, 3nm, and 2nm processes, as well as the electricity consumption of major technology companies such as Winbond, Powerchip, and Micron. The electricity consumption of approximately 2.6 trillion NT dollars invested in semiconductors has also been taken into consideration. In addition, the return of Taiwanese businesses to Taiwan, vehicle electrification, and economic growth rate have also been taken into account. Shen stated that the current power supply situation up to 2030 should be able to meet the public's expectations for a stable power supply. Shen also pointed out that, particularly in the green energy sector, offshore wind power will release 1 GW annually, and advancements in solar energy conversion efficiency technology will also contribute to growth. Therefore, with natural gas and coal accounting for approximately 80% of the total, future growth will likely focus on green electricity. Initial estimates suggest that offshore wind power will release 1GW annually starting in 2026, totaling 5GW over the next five years. Henrik Stiesdal, known as the \"Father of Global Wind Power,\" shared Denmark's successful experience in developing offshore wind power at the forum today. In an interview, Stiesdal also stated that Taiwan possesses the conditions and foundation for developing offshore wind power, and with the Taiwanese government's strong commitment to promoting renewable energy, he believes that Taiwan will soon become a benchmark country for renewable energy in the Asia-Pacific region. (Source: Economic Daily News, August 20, 2019)<\/p>","protected":false},"excerpt":{"rendered":"
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