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
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity