From Recharge Wind
Taiwan has signalled plans to raise its 2025 offshore wind goal to 5.5GW from the 3GW previously targeted.
Economy minister Shen Rongjin said Taiwan’s Bureau of Energy (BOE) plans to announce the raised target as part of a “mixed tariff” strategy for development in the country, which has rapidly emerged as a key market in the offshore wind sector’s expansion beyond Europe.
Projects in the Taiwanese approvals system that score the highest under an assessment carried out by BOE will fall under the feed-in-tariff mechanism earmarked for the original 3GW of capacity, the minister indicated.
The remaining projects will have to compete to sell power at a lower price in a tender held by national utility Taipower for the extra 2.5GW.
An 8MW demonstration project backed by Swancor is the only offshore wind capacity operational in Taiwanese waters today.