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Economy

Fiery winds sending energy companies to Taiwan

Wind-farm operators see chance in island phasing out nuclear power

Wind turbines on Taiwan's Penghu Island.

TAIPEI -- Global renewable energy companies are rushing to set up offshore wind farms in Taiwan, seeing a promising business opportunity on an island offering one of the most suitable locations for such facilities in Asia.

Investment applications filed with the government so far reached around 1.8 trillion Taiwan dollars ($59.5 billion), more than triple the quota set by Taipei. Denmark's Dong Energy, Australia's Macquarie and Canada's Northland Power were among those joining the foray. 

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