Taiwan government reveals new renewables financing plans

The plans target generating US$58.7 worth of business value.

Taiwan News reported that the country's Executive Yuan recently outlined its financing plans to attract investors to back green technology developments, the nation's most ambitious infrastructure development plans in the last decade, which will generate a business value estimated at NT$1.8 trillion (US$58.72 billion).

The Executive Yuan financial blueprint includes inviting investors, financial institutes, and insurance industries to directly invest their hot money in green technology industry.

To help support green power companies to become listed companies on the Taiwan bourse, the government agency suggested financial institutes to formulate specific financial projects, or issue green technology industry bonds and other derivative products.

The country's National Development Fund (國發基金) will head green technology financial projects, but will invest no more than 50 percent in each project.