Orsted to create fund for local firms

LONG-TERM PLANS: The wind power industry needs a stable framework as the Danish firm plans to operate in Taiwan for at least 25 years, its president for Asia-Pacific said

Taipei Times
Date: May 03, 2019
By: Natasha Li  /  Staff reporter

Orsted A/S yesterday said it plans to establish a NT$60 million (US$1.94 million) trust

Orsted president for Asia-Pacific Matthias Bausenwein speaks at a news conference in Taipei yesterday.Photo: Huang Pei-chun, Taipei Times

fund in Taiwan, in partnership with other wind power developers, to provide local suppliers with further training and qualifications, after the Danish firm’s board made its final investment decision on Tuesday.

The trust fund would be operated by a third party, such as the Metal Industries Research and Development Center (金工中心), while the firm would also create a platform where smaller suppliers would be encouraged to engage in the local supply chain, Orsted president for Asia-Pacific Matthias Bausenwein told a news conference in Taipei.

The company said that it would further cooperate with local companies in the areas of power facilities and maritime engineering through various projects involving onshore substations, power transmission systems, maritime engineering counseling, environmental monitoring and energy storage systems.

The news came as a relief for many, as Orsted had earlier announced that it would suspend activities in Taiwan due to local supply chain complications and the Ministry of Economic Affairs’ decision to lower a feed-in tariff to NT$5.516 per kilowatt-hour.

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