AMOLED is steadily gaining ground over LCD in the display market, a shift that Taiwan Perovskite Solar Corp believes mirrors the early days of perovskite solar cells. Just as AMOLED now dominates over 50% of smartphone panels after identifying the right market, perovskite solar, despite current challenges in yield, cost, and lifespan, could see similar success if it finds its niche.

Taiwan Perovskite Solar Corp. (TPSC) has invested more than NT$200 million (US$6.3 million) to build Taiwan's first carbon-free perovskite plant, which has delivered the first batch of orders with help from its Mercury 2-Base Line for the trial production of perovskite solar cells.

Taiwan-based Fortune Electric, a dedicated supplier of heavy electrical equipment, is set to substantially increase its hiring in 2024 to meet rising demand driven by global power grid upgrades and the company's ongoing expansion plans.

Due to oversupply in the solar industry in 2024, supply chain quotes have continued to plummet, leading to a wave of bankruptcies across the sector. According to industry insiders, the third quarter will be critical as many companies suffer from insufficient cash flow. It remains to be seen how the supply chain in China will reshuffle amid the crisis.

The green energy market continues to expand rapidly, with significant developments in the first half of 2024. Green energy trading saw an annual increase of 40%, accompanied by substantial growth in new T-REC projects.

HD Renewable Energy (HD) is set to see stronger performance in the second half of 2024, driven by progress in its Southern Taiwan projects. The company, which holds ample land reserves, is well-positioned to sustain the development of photovoltaic (PV) and energy storage facilities. With a robust customer base, HD Renewable Energy has solidified its status as the top player in Taiwan's power sales market.

Smart manufacturing is reducing the industry's reliance on human labor and opening the door to green manufacturing amid the global push for environmental, social, and governance (ESG) standards. Particularly with the aid of artificial intelligence (AI), manufacturers can accelerate their transition from traditional smart manufacturing practices to more environmentally sustainable operations.

China's world-leading clean energy boom has passed another benchmark, with its wind and solar capacity surpassing a target set by President Xi Jinping almost six years earlier than planned.

Taiwan's Singtex Industrial, known for its commitment to supplying eco-friendly functional textiles, is gearing up for mass production at its newly constructed high-precision dyeing and finishing plant in northern Taiwan by the fourth quarter of 2024. This new facility is expected to significantly boost the company's overall revenue for the year.

Chinese offshore wind turbine manufacturers are leveraging their cost advantage to capture global market share, posing a serious threat to European competitors like Siemens Gamesa and Vestas. This aggressive pricing strategy is sparking debates over the localization of offshore wind manufacturing in Europe, the US, and across Asia-Pacific. Meanwhile, Taiwan is facing scrutiny from the European Union and the World Trade Organization (WTO) over its localization policies.

Indonesia is seeking to blend more palm oil with diesel to cut its use of fossil fuels, with the ambitious target raising the risk of tightening supply of the tropical oil.