EnergyWatch

Taiwan reduces offshore wind FIT in 2020

The government in Taiwan has decided to reduce the feed-in tariff for offshore wind projects relative to 2019's level.

Photo: PR / Ørsted

Getting power purchase agreements signed before the end of 2019 was a wise business move.

The government in Taiwan has lowered the feed-in tariff (FIT) for offshore wind projects compared to last year's level, several media report.

According to Taiwan's Ministry of Economic Affairs, project owners will be offered TWD 5,094.6 per MWh against TWD 5,515 per MWh for a 20-year contract, roughly corresponding to EUR 151 and EUR 163.5.

It will also be possible to enter a more divided contract, in which companies receive TWD 5,801.5 per MWh for the first ten years and then TWD 3,822.7 for the last ten years.

According to the ministry, the reason behind the reduction is that "it reflects the technological progress and gives consideration to international development tendencies."

Taiwan also reduced FITs in early 2019 form TWD 5,519 per MWh to TWD 5,849.

In 2019, players including Copenhagen Infrastructure Partners and China Steel Corp entered PPAs for a total of 900 MW relating to three projects, Chong Neng at 300 MW, Changfang 552 MW and the 48 MW Xidao. The former is being developed by these two companies.

Ørsted also entered a deal for Changhua 1 and 2a, totaling 900 MW, while Northland Power and Yushan Energy signed a deal for the 300 Hai Long facility.

English Edit: Daniel Frank Christensen

Taiwan wants 10 GW more offshore wind capacity 

Ørsted plans bond issuance in Taiwan

Ørsted awards contract in Taiwan 

More from EnergyWatch

GE implements 3D printing for making component molds

Developing the world's largest 3D printer will enable the OEM to make molds for nacelle components of up to 9.5 meters in diameter and weighing more than 60 tonnes by means of additive manufacturing. Initial testing is set to begin in early 2022.

Further reading

Related articles

Trial banner

Latest News

See all jobs