Taiwan

Aegis Critical Energy Defence Corp. and Seetel New Energy have created Cordelia BESS to respond to Ontario’s LT2 call for proposals, aimed at strengthening energy capacity through battery storage.
Glenfarne has selected Baker Hughes to supply critical equipment for the Alaska LNG project, including a strategic investment, reinforcing the progress of one of the largest gas infrastructure initiatives in the United States.

HD Renewable Energy accelerates in Australia and Japan with 6.1GW of solar and battery projects

Taiwanese company HD Renewable Energy is expanding internationally with major solar and battery storage projects in Australia and Japan, targeting more than 6 gigawatts of installed capacity by 2028.
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Taiwan sees a record rise in natural gas-fired electricity generation, despite a slow energy transition, and remains heavily dependent on LNG imports.
Daiei Sangyo partners with Truewin Technology and Formosa Japan to develop 100 energy storage sites totalling 800MWh and expand into power-linked data centre operations.

Oxford Energy Institute forecasts +120 bcm in global gas demand at $6/MMBtu by 2035

According to the Oxford Institute for Energy Studies, a stable gas price of $6/MMBtu would boost global demand by 60 billion m³ in the short term and 120 billion m³ by 2035, mainly driven by Asia.
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Danish group Orsted will cut a quarter of its workforce by 2027 and reduce its exposure to the United States, relying on a $9.4 billion recapitalisation to consolidate its development in Europe and Asia.
Billion Watts begins construction on its first solar-plus-storage project in Australia, scheduled for 2026, relying on an international consortium and a strategy focused on the volatility of the national electricity market.

SPIE secures strategic contract for TPC II offshore wind farm in Taiwan

SPIE Wind Connect will carry out subsea connections for phase II of the TPC project, a major development in Taiwan’s offshore wind sector with a projected annual capacity of 1,000 GWh.
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Taiwan accuses China of illegally installing twelve oil structures in the South China Sea, fuelling tensions over disputed territorial sovereignty.
CTCI strengthens its position in Taiwan with a new EPC contract for a regasification unit at the Kaohsiung LNG terminal, with a capacity of 1,600 tonnes per hour.

Taiwan Allocates a Port Area to Wave Energy Through a Public Tender

The Port of Suao becomes the first site in Taiwan open to commercial testing of wave energy production, following the allocation of Lot C to I-KE International Ocean Energy Co., partner of Eco Wave Power.
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HD Renewable Energy has completed the connection of its Helios storage system to the Hokkaido grid. The 50 MW project is expected to enter commercial operation by the end of 2025, targeting multiple segments of the Japanese electricity market.
With active projects across four continents and strong liquidity, Eco Wave Power accelerates its expansion strategy while absorbing a rise in operational costs in H1 2025.

Eco Wave Power completes installation of pilot project at the Port of Los Angeles

Eco Wave Power has completed the full installation of its wave energy system at the Port of Los Angeles, paving the way for initial operational tests scheduled for September.
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Ørsted strengthens its financial structure with a rights issue backed by the state, following the failed partial sale of the US Sunrise Wind project.
Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.

Chimbusco Pan Nation delivers first batch of B30 marine gasoil in Hong Kong

Chimbusco Pan Nation completes its first B30-MGO delivery in Hong Kong for the shipping company Orient Overseas Container Line, confirming its strategy of diversifying into alternative fuels and meeting new international marine fuel regulations.
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Ørsted has completed a $2.75bn project financing with 25 banks and five export credit agencies for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, strengthening its industrial partnership strategy. —
Taiwan Power Company unveils unprecedented real-time grid inertia measurement results, confirming increased capacity of the electricity network to accommodate enhanced renewable interconnections, using Reactive Technologies’ GridMetrix® platform.
In July, the Asian liquefied natural gas (LNG) market recorded record activity, marked by increased transaction dynamics and price fluctuations.
Energy Plug and Power Touch collaborate to provide energy storage solutions for IA data centers, in response to rapidly growing global energy demand.

Japanese Strategic Investments in Asian Gas Markets

Japanese companies are investing massively in gas infrastructure in Asia to offset future overproduction of liquefied natural gas (LNG) and strengthen their energy security.
Investissements stratégiques gaz Asie
NHOA, an Italian player in energy storage, is the focus of particular attention from the Italian government following the announcement of a takeover bid by Taiwan Cement Corp (TCC).
The 300 MW Zhong Neng offshore wind project, developed by Copenhagen Infrastructure Partners and China Steel Corporation, has delivered its first energy, marking a crucial milestone towards its completion in 2024.

GreenRock and Solarvest for a 1 GW strategic partnership in Asia

GreenRock Energy and Solarvest join forces to develop 1 GW of green energy projects in Malaysia and Taiwan, strengthening their position in the Asian renewable energy market.
GreenRock et Solarvest pour une partenariat stratégique de 1 GW en Asie.
TotalEnergies, via Offshore Wind One GmbH, wins the N-11.2 concession in Germany to develop 1.5 GW of offshore wind power, consolidating its strategic presence in the North Sea.
SPIE acquires 85% of Correll Group, specializing in engineering and maintenance, to consolidate its presence in the fast-growing offshore wind energy market.

Mooreast quadruples its capacity with the acquisition of a new plant

Mooreast Holdings Ltd. announces the acquisition of a 98,919 m² facility, quadrupling its production capacity for the floating renewable energy sector.
Mooreast quadruple sa capacité avec l'acquisition d'une nouvelle installation.
QatarEnergy will supply 4 million tonnes of liquefied natural gas per year to Taiwan's CPC for 27 years, consolidating their energy partnership.
CIP has completed construction of the Changfang-Xidao offshore wind project in Taiwan, increasing the country's offshore wind capacity by 25% and reinforcing its energy transition objectives.

Russian thermal coal: higher demand expected

Following the Russian government's decision to temporarily abolish customs duties on exports of thermal coal and anthracite, an increase in demand is anticipated, despite competition and current sanctions.
Demande accrue pour le charbon russe
The recent inauguration of the Greater Changhua 1 & 2a wind farms in the presence of President Tsai Ing-wen and several key players in the energy sector marks a crucial milestone for Taiwan. With an impressive installed capacity of 900 MW, these facilities double the country's offshore wind power capacity.
Stonepeak acquires a majority stake in TerraWind, in partnership with Shizen Energy, to develop wind power projects in the Asia-Pacific region.

Japan: An energy revolution with ammonia

A revolutionary Japanese technology promises to reduce carbon emissions by burning ammonia with coal. A world first at the JERA power plant.
Ammoniac Japon énergie
Despite recent OPEC+ production cuts, Middle Eastern suppliers continue to ensure a stable supply of crude oil to their Asian customers, preserving long-standing commercial relationships.
ProLogium has chosen Dunkirk, France, as the location for a large battery plant. The planned investment of €5.2 billion by 2030 is expected to create 3,000 direct jobs and 12,000 indirect jobs, while the region is positioning itself as an emerging ecosystem for batteries.

Greater Changhua 2b and 4: Ørsted confirms its investment

Ørsted, the global leader in offshore wind, has made the final investment decision for its 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan. This marks an important step for the company to accelerate the decarbonization process in Asia Pacific.
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TotalEnergies and Corio Generation have announced a joint venture partnership to develop the Formosa 3 offshore wind power project located on the west-central coast of Taiwan. The three proposed sites - Haiding 1, 2 and 3 - would have an EIA-approved capacity of approximately 2 GW, with an estimated total investment of several billion dollars from partners and lenders through completion.
Bloom Energy and Unimicron enter into an agreement to deploy 10 MW of fuel cells at Unimicron's Taiwanese plants.