Taiwan’s government wants 5.5GW of offshore wind by 2025, currently has 8MW (pic: Swancor)

Wind Power Monthly
Date: 4 February 2019
By: Alastair Dutton

The recent negotiations between the industry and Taiwan’s government on a Feed-In Tariff goes to show just how far the market has yet to go to become a major offshore wind player, writes Alastair Dutton, chairman of GWEC’s Global Offshore Wind Task Force.
Taiwan’s government wants 5.5GW of offshore wind by 2025, currently has 8MW (pic: Swancor)

The government’s target of 5.5GW offshore target by 2025, plus an attractive and flexible regulatory framework successfully stimulated the interest of the offshore wind industry around the world.

Projections forecast the offshore wind industry could bring some TWD 880 billion ($28.63 billion) of inward investment into Taiwan by 2025 and create some 20,000 jobs.

However, this ambition is not without its challenges.

In late 2018, the Taiwanese Government proposed revisions to the feed in tariff (FIT): a 12.7% reduction in the FIT rate, from TWD 5,8498/MWh to TWD 5,106/MWh; a cap on the rate of 3,600 full load hours; and the removal of the optional accelerated FIT for the first ten years, the so called “ladder tariff”.    [FULL  STORY]