offshore wind

A breakdown of trust across sectors between China and the West stands in the way of the country’s ambitious offshore wind plans.

The Taiwanese government has proposed a 12.7% cut in feed-in-tariffs for offshore wind PPAs in 2019.

Helge Rau, wpd’s head of M&A, explains why the country has been so successful, the lessons it can learn from Europe and why wind is driving Asian renewables.

‘Heavy industry in Taiwan is actually quite advanced and sophisticated, but they’re not used to working in joint ventures,’ warns our panel of developers.

The world’s fourth largest wind market is looking to have 5GW of offshore wind installed in the next five years, on top of its 60GW onshore target by 2022.

Germany’s wpd has been selected to connect 1GW of capacity, while Ørsted and CIP will push forward with 900MW each.

While infra investors shouldn’t expect a repeat of the $5bn Equis Energy deal any time soon, they can look forward to a wealth of renewables opportunities. Each market poses its own challenges, though.