Ministry of Economic Affairs (MOEA) has set a new Feed-in-Tariff (FiT)
for 20-year offshore wind Power Purchase Agreements (PPAs) signed in 2020.
Rates have dropped by as much as 7.64 percent compared to 2019 prices.
Developers have the option to choose between a 20-year flat tariff of TWD
5.0946/KWh or a tiered tariff of TWD 5.8015/KWh for the first 10 years
and TWD 3.8227/KWh for the subsequent 10 years.
Taiwan plans to phase out nuclear power by 2025 - with nuclear energy accounting
for some 40% of power generation in the past - and aims to source 20% of
total energy output using green energy by 2025. This includes 5.7 GW of
offshore wind power.
In November, President Tsai Ing-wen requested that the Economic Affairs
Minister Shen Jong-Chin formulate a "regional development" policy
for offshore wind power as soon as possible and proposed a new goal for
the next 10-year stage from 2026 to 2035, adding 10 GW during that 10-year
In October, Taiwan's the first commercial-scale offshore wind farm, the
installation work on all 20 turbines. The total power generation capacity
for both phases is 128 MW, which is expected to meet the power demand of
128,000 households in Taiwan.
For more information on the Taiwanese offshore wind market click
You can also view projects worldwide on 4C Offshore's Interactive