Orsted drops out of Taiwanese offshore wind tender

Unfavourable regulation and inflationary pressure behind developer’s decision not to bid in upcoming 3GW tender

Danish renewables firm Orsted has announced it will not submit a bid for the first tender of Taiwan’s Round 3 zonal development phase, which aims to auction off 3GW for development in 2026-27. In addition to a ceiling price of TWD2.49/kWh (8¢/kWh), the tender also requires 60pc of key development items—such as vessels, cables, onshore electrical equipment and turbine components—to be locally sourced. Orsted is considered to have taken the lead in Taiwanese offshore wind development, having fully commissioned the country’s first utility-scale windfarm, Formosa 1, at the end of 2019. The developer delivered first power from its 900MW Greater Changhua 1 & 2a project in April this year, with