Thoughts from CY Huang

Taiwan is definitely at the forefront of Asia’s transition towards renewable energy. It passed legislation in 2017 that requires electricity from renewable sources to increase 4% of total generation capacity to 20% by 2025.

To achieve the goal, Taiwan has already started work on several offshore wind projects. Until now, it has also involved many international participants including Macquarie Capital, Copenhagen Infrastructure Partners, and Marubeni Corporation.
Building green capital markets are very important for facilitating progress towards renewable energy.

Taiwan has enjoyed great success in its offshore wind program and, until recently, the market was dominated by international sponsors and international lenders able to lend in the local currency, together with a limited number of Taiwanese commercial banks. However, Taiwanese government policy mandating greater local content requirements for offshore wind projects, together with the trend towards a lower feed-in tariff, and difficulties with liquidity in the local currency, will increasingly drive developers to seek new opportunities elsewhere in Asia.

Considering that Green Finance has become an important international trend, and to pursue the major policies of Taiwan’s nuclear-free home, energy transformation, and environmental emission reduction, Taiwan’s policymakers need to facilitate the progress of the Green Financial Action Plan.
CY Huang
follow CY Huang on Twitter https://twitter.com/CYHuang12 and Linkedin https://www.linkedin.com/company/fcc-partners-asia/

Offshore Wind in Taiwan and Asia

Industry Seeks to replicate Taiwan wind success throughout Asia

Opportunities to invest in offshore wind energy developments are being created by government measures from Japan to India.
After the success in Europe and more recently in Taiwan, sponsors and international financiers are looking to other emerging markets in Asia to expand their offshore wind footprint. Some several key factors and trends will influence how the offshore wind market will develop in Asia over the next decade. More info at https://reurl.cc/0Obqx9

President Tsai reaffirms commitment to expanding renewable energy

President Tsai Ing-wen said on Nov. 11 that the government will continue promoting green energy while fostering exchanges and cooperation with technology partners around the world. More info at https://reurl.cc/N68Myk

South Koreans Form Floating Wind Alliance

South Korea’s Doosan Heavy Industries & Construction and SK Engineering & Construction have signed a technical cooperation agreement for floating offshore wind farm projects. More info at https://reurl.cc/q8bRvN

Marine Biotechnology in Taiwan

Listed Biotech Firm GenMont to Develop Health-Food For Fish

• GenMont, a biotech company based in Taiwan (TSE: 3164), specializes in producing dietary supplement. The company recently expands its scope by developing fish food additives.
• The add-ons can not only improve the survival rate of farmed fish by 4%~15%, but also reduce cost per fish produced by enhancing nutrition transition rates and lowering illness rates of farmed fish.
• The new product can be added in fish food for various prevalent farmed species in Taiwan, including prawn, grouper, baby abalone, and striped bass.

Moutainvet and Academia Sinica is Developing New Cancer Drugs for Pets

• Mountainvet, Taiwan’s largest chain pet hospital with 66% market share, develops new cancer treatment drugs for pets GE-33 with Academia Sinica.
• GE-33 contains Pardaxin, a peptide produced by the Red Sea sole and the Pacific Peacock sole that is used as a shark repellent.
• The new drug shows a 40% inhibition rate in its clinical trails.

Marine Energy in Asia

Eco Wave Power signs 50MW Vietnam project agreement

• Eco Wave Power has signed a memorandum of understanding (MoU) with MSmart Future Technology to develop a 50MW wave energy project in Vietnam.
• The collaboration between the parties will be executed in milestones, said Eco. In the first phase, the Eco Wave Power engineering team will perform an in-depth feasibility study, at the selected site in Vietnam.
• Once studies are completed to the satisfaction of the parties, they will work towards setting up a joint venture company in Vietnam to develop the 50MW wave energy array.
• Source: https://renews.biz/64085/eco-wave-power-signs-50mw-vietnam-project-agreement/

🔔 MAMA Announcement

🎙 Lunch with the MAMA is coming soon – a biweekly interview with leading culture and business relating to marine/ ocean figures.
🎙 The MAMA Accelerator will be launched soon – a startup program inviting startups all over the world to bring innovation to the Marine and Ocean industry.

MAMA Official Site: https://marinealliance.com.tw/
If you have any questions or suggestions, feel free to email us at lydie.chen@fccpartner.com