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.
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.