Report urges UK greentech companies to capitalise on Taiwan’s commitment to net zero
UK-APAC Tech Growth Programme study highlights major opportunities
Taiwan’s ambitious drive to reduce its reliance on imported fuel and achieve its net zero targets is opening significant opportunities for UK renewable energy companies, according to a new report.
In 2023, Taiwan was 98% dependent on imported fuel for power generation. In response, the Taiwanese authorities have committed to generating 60-70% of its energy from renewable sources by 2050, backed by investment of almost £22.3 billion. To achieve this, Taiwanese companies are seeking partnerships with UK innovators in offshore wind, solar energy and hydrogen power, as well as sourcing technologies in related areas such as carbon capture, energy storage and resource recycling.
This is the key finding of a report, prepared by international business development consultancy Intralink as part of the UK-APAC Tech Growth Programme, which it delivers on behalf of the UK government. The report is available for free download here.
Primary areas of opportunity identified by the report are:
Offshore wind - Taiwan has abundant wind resources and its wind energy capacity expanded by almost 50% in 2022, and by almost 70% in 2023. The island is now capable of generating almost 2,700 megawatts (MW) of wind power. To support this rapid growth, Taiwan requires assistance in areas including the spatial inventorying of development sites and the creation of suitable port and grid infrastructure.
Solar - Taiwanese photovoltaic (PV) capacity is projected to increase from 12 to 80 gigawatts (GW) by 2050. This expansion is driving a need for technologies in areas including grid connectivity, PV recycling and reliable PV systems.
Hydrogen – Taiwan aims to achieve a hydrogen power capacity of 7,300 MW by 2050, presenting opportunities for UK tech innovators in hydrogen power generation, supply chain development and infrastructure.
The report emphasises the importance for UK tech companies of understanding Taiwan’s regulations, market needs and supply chain localisation policies. While these policies can pose challenges, they also present opportunities for UK companies to collaborate with Taiwanese partners through joint ventures.
Additionally, the rise of Taiwanese greentech startups seeking global partnerships offers further avenues for collaboration as many aim to commercialise their innovations on the international stage.
Sam Leng, Senior Project Manager at Intralink Taiwan and author of the report, commented:
“Taiwan’s reliance on imported fuel, coupled with the global shift towards carbon taxation, is driving its push for renewable energy and energy efficiency. The significant funding allocated to meet these targets, together with its desire to adopt international best practices, creates fertile ground for UK companies with innovative technologies in the renewable energy field."
“Through the UK-APAC Tech Growth Programme, we can support them in navigating Taiwan’s market dynamics and ensure they adopt market entry strategies that position them for success. We look forward to helping our participants capitalise on the huge opportunities in Taiwan’s renewable energy sector during 2025.”
The UK-APAC Tech Growth Programme helps high-growth technology companies expand into the Asia Pacific region. Participating companies gain access to free and subsidised market entry guidance, business development support and connections with potential partners and customers. The programme covers 11 APAC markets including Japan, South Korea, Singapore and Australia, as well as Taiwan.
Intralink is a business development consultancy specialising in international markets. It helps companies secure customers, partners and investors overseas; it enables corporates to thrive through global collaboration; and it helps governments to grow their exports and attract foreign investment. Founded in 1990, the company has more than 20 locations including Shanghai, Beijing, Tokyo, Seoul, Taipei, Singapore, Silicon Valley, LA, Boston, Washington, Toronto, Oxford, London, Paris, Düsseldorf, Helsinki, Poznan and Tel Aviv. See more at www.intralinkgroup.com
For more information, interviews, or images, please contact:
Rebecca George, TK Associates [email protected] | 07974 161108
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Sabina Ciofu is Associate Director – International, running the International Policy and Trade Programme at techUK.
Based in Brussels, she leads our EU policy and engagement. She is also our lead on international trade policy, with a focus on digital trade chapter in FTAs, regulatory cooperation as well as broader engagement with the G7, G20, WTO and OECD.
As a transatlanticist at heart, Sabina is a GMF Marshall Memorial fellow and issue-lead on the EU-US Trade and Technology Council, within DigitalEurope.
Previously, she worked as Policy Advisor to a Member of the European Parliament for almost a decade, where she specialised in tech regulation, international trade and EU-US relations.
Sabina loves building communities and bringing people together. She is the founder of the Gentlewomen’s Club and co-organiser of the Young Professionals in Digital Policy. Previously, as a member of the World Economic Forum’s Global Shapers Community, she led several youth civic engagement and gender equality projects.
She sits on the Advisory Board of the University College London European Institute, Café Transatlantique, a network of women in transatlantic technology policy and The Nine, Brussels’ first members-only club designed for women.
Sabina holds an MA in War Studies from King’s College London and a BA in Classics from the University of Cambridge.
Policy Manager for International Policy and Trade, techUK
Daniel Clarke
Policy Manager for International Policy and Trade, techUK
Dan joined techUK as a Policy Manager for International Policy and Trade in March 2023.
Before techUK, Dan worked for data and consulting company GlobalData as an analyst of tech and geopolitics. He has also worked in public affairs, political polling, and has written freelance for the New Statesman and Investment Monitor.
Dan has a degree in MSc International Public Policy from University College London, and a BA Geography degree from the University of Sussex.
Outside of work, Dan is a big fan of football, cooking, going to see live music, and reading about international affairs.
Tess joined techUK as an Policy and Public Affairs Team Assistant in November of 2024. In this role, she supports areas such as administration, member communications and media content.
Before joining the Team, she gained experience working as an Intern in both campaign support for MPs and Councilors during the Local and General Election and working for the Casimir Pulaski Foundation. As well as working for multiple charities on issues such as the climate crisis, educational inequality and Violence Against Women and Girls (VAWG). Tess obtained her Bachelors of Arts in Politics and International Relations from University of Nottingham.
