APAC Sustainability Pulse: Taiwan raises power demand forecast

研报英文原文证据摘录

APAC Sustainability Pulse: Taiwan raises power demand forecast

Global Research

25 June 2026ab

APAC Sustainability Equities

Asia PacificPulse: Taiwan raises power demand forecast

Global Sustainability

Jarvis Lam

Key highlights Analyst

Taiwan raised 2026–35 power demand growth forecast to 2.5% CAGR from jarvis.lam@ubs.com

1.7%, more than double the c.1.1% CAGR recorded over the past decade. +852-2971 7701

Victoria Kalb

AI + semi are now official load drivers: AIDC alone could require 3-4GW by 2035

Analyst

but semi fabs remain the larger power load vicki.kalb@ubs.com

Gas remains the near-term solution: Taiwan plans ~26GW gas-fired additions by +65-6495 4584

2035, implying higher LNG dependence Randy Abrams

Nuclear is upside optionality: Nuclear restart is excluded from the official supply randy.abrams@ubs.com

plan, Maanshan restart could add ~15TWh a year if approved by 2028 +886-2-8722 7338

We view the announcement as further evidence that power availability is Sunny Lin

becoming a strategic consideration for AI infrastructure deployment Analyst

sunny.lin@ubs.com

What happened? +886-2-8722 7346

Last week, Taiwan's MOEA released updated long-term electricity demand projections, Ally Chen

raising expected power demand growth for 2026-35 to approximately 2.5% CAGR. The Analyst

revision reflects stronger expectations for semiconductor manufacturing, AI-related data ally.chen@ubs.com

+886-2-8722 7347

centre construction and broader electrification trends. Under the revised assumptions,

Taiwan's electricity consumption could reach more than 350TWh by 2035, substantially William Deng

above levels implied by historical growth trends. Government estimates also suggest AI Economist

data centres alone could require 3-4GW of electricity demand by the mid-2030s.