Key Market Indicators
Taiwan's renewable energy generation is projected to hit approximately 29 terawatt-hours by 2028. This marks a significant increase from the estimated 17 terawatt-hours recorded in 2023. The sector is expected to grow at an annual compound growth rate of 8%. This upward trend in renewable energy production is not new. Since 1987, Taiwan has witnessed an annual growth rate of over 22% in its renewable energy supply. The consistent rise in renewable energy underscores Taiwan's commitment to sustainable energy solutions and its efforts to reduce reliance on traditional fossil fuels.
