TAIPEI (TVBS News) — The Ministry of Economic Affairs (MOEA, 經濟部) revealed a significant increase in green electricity transactions during the first half of 2024, with a total of 1.04 billion kilowatt-hours traded, marking a 41% annual growth.
The MOEA's Bureau of Standards, Metrology, and Inspection (標準局) released these statistics in August, highlighting a rising trend in green energy transfers and self-generated energy certificates.
Driven by the global push for net-zero emissions, green electricity certificate transactions surged from 740,000 certificates, equivalent to 740 million kilowatt-hours, in the first half of last year to 1.04 million certificates this year. The data illustrates a growing commitment to sustainable energy practices among Taiwanese businesses.
Since May 2020, green electricity transfer transactions have amassed 4.816 million certificates, equating to 4.816 billion kilowatt-hours by June 2024. The vibrant market saw annual transaction volumes of 1.125 billion kilowatt-hours in 2022 and 1.721 billion kilowatt-hours in 2023, representing annual growth rates of 67% and 53%, respectively.
The bureau also noted that initiating green electricity transfers in 2020 fostered cross-industry collaborations, including energy, electricity sales, electronics, finance, biotechnology, beauty, legal services, and commercial office sectors. The influx of new buyers continues to invigorate the green electricity market.
Meanwhile, the MOEA forecasts Taiwan's green electricity generation to reach 35.6 billion kilowatt-hours this year. With corporate demand estimated at 22.1 billion kilowatt-hours annually, the demand for green electricity is expected to grow by 3 billion kilowatt-hours each year, while supply could increase by 7 to 8 billion kilowatt-hours.