The government aims to increase industry revenue to NT$1.5 trillion by 2015, from last year's NT$160.3 billion. By 2015, the industry is expected to account for 6.6 percent of the total revenue of Taiwan's manufacturing industry and create 110,000 jobs.

As part of the effort, Taiwan's Legislative Yuan in June passed the Statute for Renewable Energy Act. And in April, Taiwan's Executive Yuan approved a project for new industrial development, dubbed The Takeoff Program for the Green Energy Industry.

The Statute for Renewable Energy Act provides incentives for the development of the green energy industry, including solar energy, ocean energy, wind power, biofuels and waste-generated hydrogen power.

The Takeoff Program will be divided into two parts. The first stage will focus on solar energy and light-emitting diodes (LEDs). The aim is to make Taiwan one of the world's top-three producers of solar energy and the world's largest supplier of LED lights and modules.

The second stage of the Takeoff Program will promote wind power generation, biofuels, hydrogen energy and fuel cells. The government aims to make Taiwan a key center for electric-vehicle manufacturing and fuel-cell assembly in the second stage.

"The green energy sector can turn Taiwan into a major power in energy technology and production, as well as provide in the creation of green jobs," Taiwan Premier Liu Chao-shiuan said in a statement.

By: DocMemory
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