Offshore Wind

After an unexpected feed-in-tariff cut, investors and developers ponder whether they have overlooked political risks in a seemingly promising market.

An unexpected cut in government subsidies threw the island’s offshore wind market into disarray. Now, Taipei is trying to convince worried renewables investors to stay.

While the new FiT tariff at NT$5.516 per MW is still 5.7% lower than last year's, it represents a much more modest reduction than the 12.7% cut the government had in mind.

The government is in the process of identifying candidate sites with the first auctions expected in ‘early summer’.

The Taiwanese government is expected to announce a final decision on 2019 FiT by the end of next week.

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.