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Taiwan's emerging energy industry grows 19% in Q3
Central News Agency
2013-11-24 05:21 PM
Taipei, Nov. 24 (CNA) Taiwan's renewable and low-carbon energy industry continued its growth in the third quarter of this year, backed by a rebound in the solar power sector, according to a local research institute. The industry's output reached NT$40.94 billion (US$1.38 billion) in the three months ending in September, up 19 percent from the second quarter, according to a report from the Industrial Economics and Knowledge Center (IEK) under the government-sponsored Industrial Technology Research Institute. The solar power sector recorded the highest quarterly growth of 20.4 percent to total NT$38 billion, compared with an 8.9 percent increase in the wind power sector and a 9.9 percent drop in the biomass power sector, the report said. The solar power sector remained the bulk of Taiwan's emerging energy industry and accounted for 92.7 percent of the industry's total output value in the third quarter, followed by wind power with 5.7 percent and biomass power with 1.6 percent, the report said. Looking ahead, the full-year output value of the emerging energy industry is forecast to grow 36.2 percent from last year to NT$142.65 billion, thanks to rising demand in the United States, Europe and China, it added. (By Jeffrey Wu)
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