Taiwan aims to develop 5.5GW of offshore wind by 2025
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
Also in this section
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers
22 August 2024
C-Questra applies for onshore storage permit for site in Grandpuits as part of project to establish highly efficient DACS value chain on French soil
