Taiwan Gov't Kicks Off Whole-Plant Solution Export Project to Finance Local Machinery and Renewable Energy Suppliers

Taipei, Sept. 5, 2012 (CENS)--To secure sustainable growth of Taiwan's exports, the Ministry of Economic Affairs has kicked off its whole-plant solution export project, which is designed to finance local companies of machinery, solar cells and LEDs to vie for large construction tenders overseas, so as to change their export modes and expand export outlets.

MOEA officials indicated that affected by macroeconomic cycles and global market fluctuations, Taiwan's photovoltaic and LED industries have been fretted by excessive supply, and therefore the government decides to assist insiders in the lines to transform and vertically integrate their operations.

For instance, MOEA officials said, the government will assist local manufacturers of solar cells in vying for large tenders overseas for the construction of solar power stations, which call for vertical integration of the industry but can generate better margins than exports of single solar cells. This, the officials added, is a sort of whole-plant solutions that the industry should develop and export.

Whole-plant solution business chances are ubiquitous all around the world, as Bureau of Energy officials revealed that some countries of the world, such as Italy and the U.S., have continuously released requests for tenders for photovoltaic products and solar power station construction, while countries in the Middle East have also invited enterprises for supply of LED large-sized public and commercial lightings.

As many Taiwanese manufacturers in the said industries are technologically capable of providing whole-plant solutions but mostly lack resources to win government tenders overseas, MOEA hence inaugurates the whole-plant solution export project, with National Development Fund under the Executive Yuan already promising to appropriate NT$10 billion to finance exports of whole plant machinery equipment.

Initially, MOEA will provide another NT$10 billion to help machinery suppliers and photovoltaic product and LED makers vie for overseas tender bids.

MOEA said that the project is part of Taiwan's middle- and long-term export revitalization plan, which is expected to help the said industries to change structure of exports from single parts and components and individual machines to integral equipment and services that meet demands for whole-plant solutions.