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Taiwan Electric Power Transmission & Distribution (T&D) Infrastructure Industry Analysis
Certainly, here is an in-depth analysis of the Electric Power Transmission & Distribution Infrastructure industry's current scenario, construction of new projects, major drivers, along with industry outlook in Taiwan:
Current Scenario:
Taiwan's electric power transmission and distribution infrastructure industry has undergone significant improvements over the years, with a stable and reliable electricity supply throughout the country. As of 2021, the installed power generation capacity in Taiwan is around 50,000 MW, and the demand for electricity is expected to grow at a steady pace in the coming years. The transmission and distribution network in Taiwan is mostly underground, with overhead lines used only in some areas. The country's power grid is operated by state-owned Taiwan Power Company (Taipower), which ensures that the electricity supply is sufficient and stable.
Construction of new projects:
In recent years, Taiwan has been focusing on developing its renewable energy sector, including wind and solar power. The government has set a target to increase the share of renewable energy in the country's energy mix to 20% by 2025. To achieve this target, several new transmission and distribution projects are being constructed. For instance, Taipower is currently constructing a new substation in Taoyuan, which is expected to be completed by 2025. The substation will improve the stability and reliability of the electricity supply in the region and will facilitate the integration of more renewable energy into the power grid. Additionally, the government is also planning to construct a new high-voltage transmission line to transmit electricity generated from offshore wind farms to the mainland.
Major drivers:
The major drivers of the electric power transmission and distribution infrastructure industry in Taiwan are the increasing demand for electricity, the development of renewable energy, and the need to improve the stability and reliability of the power grid. The demand for electricity in Taiwan is expected to continue growing, driven by the country's economic growth and increasing population. As a result, the government is investing in the expansion and improvement of the power grid to meet the growing demand. Additionally, the development of renewable energy is a key driver of the industry, as the government aims to reduce the country's dependence on fossil fuels and promote sustainable development. Finally, the need to improve the stability and reliability of the power grid is another major driver, as the country is vulnerable to natural disasters such as typhoons and earthquakes.
Industry outlook:
The electric power transmission and distribution infrastructure industry in Taiwan is expected to continue growing in the coming years, driven by the increasing demand for electricity, the development of renewable energy, and the need to improve the stability and reliability of the power grid. The government's target to increase the share of renewable energy in the country's energy mix to 20% by 2025 is likely to create new opportunities for the industry. Additionally, the government's plan to construct a new high-voltage transmission line to transmit electricity generated from offshore wind farms is expected to provide a significant boost to the industry. However, the industry also faces challenges, including the high cost of constructing new transmission and distribution infrastructure and the need to upgrade the existing infrastructure to meet the growing demand for electricity.
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