Taiwan raises offshore wind goals

In: Windfarms
11/05/2021
Taiwan's Bureau of Energy, within the of Ministry of Economic Affairs, has unveiled plans to increase the annual development capacity for offshore wind. The draft regulation was revealed at a meeting with domestic and foreign offshore wind power developers and relevant stakeholders today (11 May 2021).

The draft plan for the annual capacity from 2026 to 2035 has been expand from the original plan of 1 GW to 1.5 GW. This means up to 15 GW capacity is to be allocated from 2026 to 2031 compared to the originally proposed 10 GW.

The Bureau outlined plans to start accepting bids in 2022 for 3 GW of offshore wind to be grid connect between 2026-2027. Two further 3 GW auctions are to follow in 2023 and 2024 for grid connected projects between 2028 and 2031. It is also expected to hold auctions for a further 6 GW, to be connected between 2032 and 2035 however this will be determined at a later date. It was also revealed that projects can only be awarded 500 MW per year.

Interest in the Taiwanese offshore wind market continues to grow. There is currently only two projects in operation off the Taiwanese coast,
Formosa 1 Phase 1 and Formosa 1 Phase 2 representing a combined capacity of 128 MW of installed capacity. Over 3 GW across multiple projects have secured consent authorisation and a number of wind farms are now under construction and are expected to be operational in the coming years.

For more information on offshore wind farms worldwide, click here.

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