Taiwan reveals 5 GW auction plans

In: Windfarms
26/06/2020
Taiwan's Ministry of Economic Affairs has announced plans to auction 5GW of offshore wind across three phases by 2023. It aims to hold a 1 GW auction in 2021 followed by a 2GW auction in 2022 and another 2GW auction in 2023.

The capacity allocation is for projects to be operation from between 2026 and 2030. They auctions will be held using a two-stage selection process. The first stage is qualification review, which is based on technical, financial capabilities, industrial commitment and other conditions; the second stage is to pass the review criteria. Developers with the lowest price will be announced the winner.

Taiwan holds strong potential for renewable energies, with its positive government outlook. After deciding to phase out nuclear power by 2025 – with nuclear energy accounting for some 40% of power generation in the past – the Taiwanese government aims to make up for the resulting shortfall by expanding renewable energies, especially offshore wind power. The government expects to see 15.5 GW of offshore wind in operations by 2035 with 10 GW being installed between 2026 and 2035.

Two projects are currently 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. Construction works are heating up on a number of projects with over 3.4 GW past the consent phase. A number of European developers are behind the projects supporting supply chain development for future projects.

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