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Price on Taiwanese offshore wind more than halved

A Canadian utility walked away the winner in Taiwan's first price competition, which slashed almost two-thirds of the price relative to just two months ago. A handful of developers have gone home empty handed.

Northland vandt 744 MW i Taiwan og annoncerer samtidig et nyt lån på 8 mia. bakket op af især cashflow fra selskabets europæiske parker Nordsee One og Gemini (billedet). | Photo: Gemini Wind Park

Taiwan's offshore wind industry seems to have emerged out of nowhere. With a little over 5.5 GW in awarded capacity and a clear target for 2025, the Taiwanese government seems to have rolled out a complete market and supply chain in record time.

Friday, grid allocation was awarded to four projects totaling 1,664 MW at prices of between TWD 2.22 - 2.55 per kWh. This is a 56-62 percent price decline relative to less than two months ago, when the country distributed its first 4 GW. Then, the TWD 5.85 price per kWh was high compared with European prices.

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