Taiwan will auction off 3GW of offshore wind capacity in an upcoming tender
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
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
