Yunlin County to set up electricity company

Yunlin County is taking a bold step into the green energy sector. The county on Monday signed a memorandum of understanding (MOU) to work with German green energy company wpd to trade energy. That follows on the heels of another MOU signed with the company last month to work on a green energy investment plan with the price tag of nearly NT$200 billion (US$6.6 billion).

Yunlin County's Vice Magistrate Ting Yen-je says the county is hoping to become a leader in the green energy industry. He said the goal is to boost the county's renewable energy capacity up to 1GW of power by the year 2025.

Ting said that the county will set up and operate a public holding company that will generate electricity, broker green energy deals, consolidate land, and work with the central government. A plan for the company is expected within two weeks.

As to who the company will work with, Ting said collaborators will include the economics ministry, Taiwan Power Co. (Taipower), and private electric companies.

For example, when it comes to Taipower, we are hoping [to use] its power grid and feeder system, and once the green energy trade platform is [in place] and we have adequate investment and have begun to create electricity, then we hope that Taipower can buy [electricity] from us," said Ting. "We also need involvement on the part of systems operators who have more professional experience in energy creation. And of course without the support of landowners there will be a lot of resistance, so their participation is key."

Meanwhile, the head of wpd's Taiwan branch, Wang Yuni says that when it comes to looking for buyers, her company is willing to first sell to Yunlin County's green energy holding company.

Wang said that green energy relies heavily on the weather, including elements like sunshine and wind. That means it's impossible for green energy providers to ensure a stable supply of electricity. Therefore, Wang said, the nation's largest electricity provider � Taipower � would still have to bear that burden.

Source: Radio Taiwan International