Taiwan

The firm is part of a consortium of 20 international and local lenders that will provide project financing for the Macquarie Capital-backed Formosa II.

The transaction marks the energy company’s second investment in a Macquarie Capital-backed offshore wind project in Taiwan.

The acquisition of a 95% stake in the renewables division of chemical manufacturer Swancor, includes a stake in the 376MW Formosa II project.

Sources warn of diminishing support from export credit agencies as the country steps ups its localisation requirements.

Company cites preparatory work over the supply chain, including local content requirements, for delay over Taiwan’s 640MW wind project.

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

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