Developers stay on course for Taiwanese offshore wind

Despite geopolitical tensions and stringent localisation requirements, companies are gearing up for an upcoming offshore wind development tender

Offshore wind developers show no sign of slowing activity in Taiwan, despite growing tensions with China. Taiwan initially set a target of 3GW of offshore wind capacity by 2025, a goal that has since been raised to 5.5GW. And since setting up a long-term feed-in-tariff programme in 2015, the country has attracted a swathe of primarily European developers. Taiwan is gearing up for its third phase of development zone auctions for a total of 15GW of offshore wind capacity from 2026-35. The first stage will allocate 3GW in three rounds for development in 2026-27, 2028-29 and 2030-31, with prices set at an upper limit of TWD2.49/kWh (8¢/kWh). And despite the requirement for 60pc localisation of k