4C is now TGS

We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.

Learn what this means for you!

Taiwan reveals 5 GW auction plans

By: Tom Russell 26/06/2020 4C Offshore

General Windfarms

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.

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

Premium

4C Offshore Premium, our most popular subscription, gives you full access to use the 4C Offshore WebApp which includes exclusive offshore wind, transmission and vessel reports, news and downloads.

Request a 30 minute Demo

Taiwan reveals 5 GW auction plans

Back to News

Trending News!