Download report
All markets


With a power score of 2.26, Taiwan ranks number 8 among emerging markets and number 25 in the global ranking.

  • Emerging markets
  • Asia-Pacific

2.26 / 5

Power score


Transport score

Coming soon


Buildings score

Coming soon

Low-carbon strategy

Net-zero goal and strategy

Taiwan does not have a net-zero goal or strategy.

Nationally Determined Contributions (NDC)

Even though not among the parties to the United Nations Framework Convention on Climate Change, Taiwan passed its Greenhouse Gases Reduction and Management Law in July 2015, setting the region's 2050 emissions reduction goal to 50% of 2005 emissions level. In March 2022, Taiwan officially published its Pathway to Net-Zero Emissions by 2050, consisting of four key pillars: Energy Transition, Industrial Transition, Lifestyle Transition, and Social Transition.

Fossil fuel phase-out policy

There is no fossil fuel phase-out policy in Taiwan


Power policy

The current administration, having called for a “nuclear-free homeland by 2025,” faced several challenges when getting re-elected in 2020. The government has stuck to its nuclear phaseout plan, but hopes to add 25 gigawatts of renewables. The share of renewables in power generation is targeted to reach 20% some years later (slower than the original target of 2025), while fossil fuel (mainly gas) will remain the key supplier in the electricity mix.

Power policies

Renewable energy auction
Feed-in Tariff
Import tax incentives
Net Metering
Renewable energy target
VAT incentives

Power prices and costs

Utility-scale PV on public land and developer-owned rooftop projects is sometimes determined through auctions organized by local governments. Other projects can receive feed-in tariffs. In the wind sector, 1.7 gigawatts of offshore wind projects were awarded through a tender in June 2018. The government in 2021 announced a new plan to add 15 gigawatts of new offshore wind capacity in 2026-35 via auctions.


Power market

Taiwan's electronics manufacturing and technology industries have in recent years initiated strong demand for clean energy. Taiwan Semiconductor Manufacturing Co. (TSMC) signed the island's first offshore wind corporate power purchase agreement (PPA) in July 2020. Before that, Google signed the island’s first corporate PPA with a 10-megawatt solar project in January 2019. In May 2020, eight power consumers and retailers purchased 110 gigawatt-hours of clean energy from five solar farms.

Installed Capacity (in MW)

20122014201620182020020K40K60K MW

Electricity Generation (in GWh)

201220142016201820200100K200K300K GWh

Utility privatisation

Which segments of the power sector are open to private participation?


Wholesale power market

Does the country have a wholesale power market?

Not available

Doing business and barriers

Land is by far the major barrier for renewable project development. Local citizens may voice opposition to projects due to concerns over land rights, and environmental conservation, among other concerns, delaying if not preventing project construction. Government subsidizes all consumer power prices, mainly by setting low power prices, controlling their increases and letting Taipower (the only key utility) bear the additional cost of power supply.

Currency of PPAs

Are PPAs (eg. corporate PPAs and all other types) signed in or indexed to U.S. Dollars or Euro?

Not available

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Not available

Fossil fuel price distortions - Subsidies

Does the government influence the wholesale price of fossil fuel (used by thermal power plants) down through subsidies?

Not available

Fossil fuel price distortions - Taxes

Does the government influence the wholesale price of fossil fuel (used by thermal power plants) up through taxes or carbon prices?

Not available

New sectors coming soon

Sign up to get alerted when we launch the Transport and Buildings sectors.

Additional insights
from BNEF

Explore more detailed information on global commodity markets and the disruptive technologies driving the transition to a low-carbon economy.

Read more

Powered by

Climatescope 2022 print report cover

Climatescope 2022

Power Transition Factbook

This marks the 11th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. The project has been expanded to include activity not just in clean power but in the decarbonization of the transportation and buildings sectors. The Power Transition Factbook is the first of three reports that composes BNEF's Energy Transition Factbook. The transport and buildings sectors reports are coming soon.

Read the reportSee all reports

Stay up to date

Subscribe to our mailing list to get the latest news about Climatescope directly in your inbox.


Transportcoming soon

Buildingscoming soon


© 2022 Climatescope. View license and Privacy policy