Production value of Taiwan’s green energy equipment grows in Q1

May 25, 2013 by  
Filed under Green Energy News

Taipei, May 25 (CNA) Production value of equipment, components and parts in Taiwan’s green energy sector grew in the first quarter of the year on the back of improving solar energy industry, according to a government report.

In a recent report, the Industry and Technology Intelligence Services said that the production value totaled NT$25.43 billion (US$849.11 million) in the first quarter, up 24.8 percent from the previous quarter.

The figure, however, contracted 8 percent from a year ago due to a high baseline, it added.

Analysts attributed the upward trend to stabilizing prices of solar energy products and the withdrawal from the local market of major European solar energy companies.

The production value of Taiwan’s solar energy products for the first three months jumped 27.5 percent quarter-on-quarter to NT$22.78 billion, the report said.

The production value of equipment, components and parts in the solar energy industry accounted for nearly 90 percent of that of the total green energy sector in the first quarter, with a 7.4- percent share for wind energy and 3 percent for biofuels.

First-quarter production value of the country’s wind energy and biofuels reached NT$1.89 billion and NT$760 million, up 4.4 percent and 8.6 percent, respectively, the report said.

The report forecast that the total production value of equipment, components and parts in Taiwan’s green energy sector will expand 2.1 percent year-on-year to NT$106.98 billion, with those in the solar energy, wind energy and biofuel industries rising 1.5 percent, 11.3 percent and 0.1 percent, respectively.

(By James Lee)
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