However, Taiwan’s fledgling offshore wind market is in a state of flux with international investors spooked after the government cut by nearly 6 per cent the price it would pay for the power source. The change, announced in November and only partially unwound on January 30, was a blow to international developers, engineers and banks that had flocked to Taiwan over the past two years to t ake part in what promised to be one of the world’s fastest growing offshore wind markets, projected to bring in $30bn of investment to the country by 2025. Danish energy company Orsted, which was weeks away from approving an investment decision for a $5.4bn offshore wind farm, on January 31 warned investors it was reassessing the project’s viability. It is in talks with scores of its suppliers, which include Spanish turbine giant Siemens Gamesa, to rehash contracts to make sure it can still make money under the new pricing structure.
FT 10th Feb 2019 read more »