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What’s next for Taiwan offshore wind developments?
4/9/2024
8 min read
Over the last few months Taiwan’s offshore wind industry has been evolving with a new licence round underway and continuing emphasis on local content requirements, despite some detractors, writes G+ analyst Caren Hsiao.
Earlier this year, Taiwan’s Ministry of Economic Affairs (MOEA) announced a total of 2.25 GW installed offshore wind capacity. That could reach 3 GW by the end of 2024. With the goal to achieve 13 GW before 2030, the island aims to construct 1 GW each year for the next five years.
The first demonstration plant was Formosa 1 (Ørsted, JERA, Seagull; 128 MW), in operation since 2020. Since then, wind farms to begin operation include Taipower 1 (owned by Taiwan Power Company, operated by Hitachi; 110 MW), Formosa 2 (JERA, Corio, Synera Renewable; 372 MW), Changhua 1 (CDPQ & Cathay PE and Ørsted; 605 MW) and Changhua 2a (Ørsted; 295 MW).
Offshore wind is estimated to provide 3–4 % of the daily electricity use of the island of 24 million people; with many new projects and construction ongoing, the ratio will continue to rise. And more projects are on the cards, the MOEA also recently announced the award capacities of Round 3.2 auction participants. Not long before that, the European Union (EU) initiated dispute settlement consultations at the World Trade Organization (WTO) on Taiwan’s local content requirements in offshore wind projects.