"Taiwan relies on imported fossil fuels to meet nearly 97 percent of its overall energy needs, including electricity, transport, and heating, according to the Global Taiwan Institute."
"As part of its energy diversification efforts, Taiwan has pushed to expand offshore wind power with a government plan to make 15 gigawatts of capacity available to developers by 2035."
"TSMC aims for renewable energy to meet 60 percent of its global operations' needs by 2030 and 100 percent by 2040, reflecting its significant role in Taiwan's energy future."
"The chipmaker's energy needs accounted for nearly 10 percent of Taiwan's total electricity consumption in 2023, with projections indicating this could grow to nearly one-quarter by 2030."
Taiwan's Vice Minister of Economic Affairs announced sufficient oil and gas supplies until at least September. The government is accelerating fossil fuel alternatives, including nuclear power and renewable projects. Taiwan relies on imports for 97% of its energy needs. Plans include expanding offshore wind power to 15 gigawatts by 2035. TSMC aims for 60% renewable energy by 2030 and 100% by 2040, with its energy consumption projected to rise significantly due to increased manufacturing for AI chips. TSMC has secured agreements for renewable energy from offshore wind projects.
Read at Ars Technica
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