‘NO PRECEDENTS’:Taiwanese firms are facing difficulties in assessing offshore wind farm investments using their normal evaluation processes, the FSC vice chairman said

Taipei Times
Date: Sep 30, 2017
By: Ted Chen  /  Staff reporter

The Financial Supervisory Commission (FSC) yesterday pledged to support facilitating private sector investments in offshore wind farms and address uncertainties about the technology.

The challenges in carrying out offshore wind farm projects include the technical and engineering aspects as well as securing the necessary financing, FSC Vice Chairman Cheng Cheng-mount (鄭貞茂) said at the sidelines of a PricewaterhouseCoopers (PwC) Taiwan forum in Taipei.

While investment models for offshore wind farms have matured in developed markets, local financial companies are hesitant about the technology, Cheng said.

“Companies are reluctant to step forth as pioneers when there are no precedents to follow, and they are having a difficult time assessing offshore wind farm investments under their usual credit evaluation and approval processes,” Cheng said.
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