This year proved to be a watershed moment for offshore wind developers in Taiwan. With 8 MW of offshore wind already in the water and a further 230 MW being developed as part of a preliminary demonstration phase, announcements earlier in the year saw an additional 738 MW of capacity support for delivery by 2020 and a further 3,098 MW for delivery by 2025 – with more capacity later awarded by competitive auction. This demonstrated to the rest of the world Taipei’s serious intent to be a leader in this market in Asia.
Though Taiwan has a growing offshore wind capability, much of the required supply chain for earlier projects will come from Europe to fill the current gaps. The Taiwanese industry is however keen to develop local capabilities and have strong engagements with European partners to transfer the skills and knowledge across to Taiwan.
Taiwan’s offshore wind market is moving forward at a tremendous pace – developers are committed and serious and this is an incredibly exciting market to be operating in right now. However, understanding local policy and regulation is essential for external investors seeking to operate in the market.
Emilie Reeve from RCG presented Taiwan Offshore Wind – Policy and Regulation, at the All Energy Conference & Exhibition 2018, Glasgow, Scotland, as part of the “New frontiers and paradigms” session, 2 May 2018, 16:00 – 17:30.
