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Ørsted awarded more Taiwanese power

By: Matthew White 22/06/2018 Ørsted

General Grid Windfarms

Taiwan’s Ministry of Economic Affairs has announced the outcome of its first offshore wind auction. Ørsted was awarded 920MW capacity for its offshore wind sites in the Changhua region.

Subject to Ørsted obtaining relevant permits and taking final investment decision, the projects are to be built in 2025. Ørsted’s winning bid price was TWD2,548 (approx. EUR72.3) per MWh.

With today’s result, Ørsted has a total offshore wind pipeline in Changhua of 1,820MW including the 900MW which were awarded to Ørsted in April.

Martin Neubert, Executive Vice President and CEO of Ørsted Wind Power, says: “Following a highly competitive auction process, we’re very pleased with adding further value-creating capacity in Changhua.

“Today’s results are promising for Taiwan’s transition to renewable energy. The outcome of the auction proves once again that when governments commit to ambitious buildout targets and create stable, transparent and good framework conditions, the offshore wind industry will deliver.”

Matthias Bausenwein, General Manager for Ørsted in Asia-Pacific, says: “Ørsted has come to Taiwan and set up its Asia-Pacific hub here. We are very happy to see the offshore wind industry in Taiwan mature and to be able to significantly contribute to this development. With the additional projects in 2025, we have a solid pipeline on which we will further strengthen our local presence.”

Ørsted’s bid was based on the following:

It says the projects awarded in the April grid allocation at a higher Feed-in-Tariff will help facilitate the investments required to establish and mature a local supply chain.

Further cost-out in the industry towards final investment decision driven by technology advances, e.g. larger turbines.

Scalable O&M: Ørsted states it will operate all of its Greater Changhua projects from the same hub.

Transmission synergies: With the capacity added to its Changhua portfolio today, Ørsted say it will be able to fully utilise the transmission asset, which it will be building for its early Changhua projects.

Another factor will be the learnings from its first Greater Changhua projects, which are to be procured and constructed in 2019-2021, and its increased presence in Taiwan over time, that aims to enable an efficient and optimised EPC process on the projects awarded recently which are to be procured and constructed in 2023-2025.

Next step for Ørsted’s projects is to obtain the establishment permit and to secure the feed-in-tariff by signing a power purchase agreement with Taipower. Subject to Ørsted taking final investment decision, Ørsted will start construction works in 2023 and expects the projects to be commissioned in 2025.

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Ørsted awarded more Taiwanese power

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