Danish energy company Orsted said it was considering pulling out of a major offshore wind project in Taiwan, following a Taiwanese decision to reduce the feed-in-tariffs that would apply to it. “The task at hand is to go back and look at the economics of the project, and talk to our supply chain partners and see what it can be done to make this an investable project,” Orsted chief executive Henrik Poulsen told the Financial Times. He said the board would reach a decision in the second quarter about whether to proceed. “At the end of the day the investment needs to come at an acceptable rate of return for our shareholders,” he said, adding that no conclusions for the project had yet been reached.
FT 31st Jan 2019 read more »