Seven offshore wind farm developers have secured government contracts to build 10 offshore wind farms along the western coast of Taiwan as the government aims to build up 5.5 gigawatts (GW) of offshore wind power capacity by 2025, the Ministry of Economic Affairs said yesterday.
The 10 projects would have a total capacity of 3.836GW by 2025, the ministry said in a statement after the completion of a two-stage selection process over the past two weeks.
The ministry would hold an auction by the end of next month to select offshore wind farm developers to build the remaining 1.66GW capacity, Deputy Minister of Economic Affairs Kung Ming-hsin (龔明鑫) told a news conference.
“Those who did not win contracts are allowed to participate in the auction,” Kung added.
Seven wind farms off the coast of Changhua County would have the largest capacity — 2.4GW — by 2025, while three in Taoyuan, Miaoli and Yunlin will have a combined capacity of 1.436GW.
Two wind farms — separately operated by Swancor Holding Co Ltd (上緯) and Wpd Taiwan Energy Co Ltd (達德能源), the local subsidiary of Germany-based Wpd Group — would together generate 0.738GW by 2020, the ministry said.
From 2021 to 2025, the Wpd Taiwan unit in Yunlin and eight other wind farms, whose developers comprise four foreign investors and two government-backed companies, would generate 3.098GW of electricity, it said.
The developers of the eight wind farms are Wpd Taiwan, Denmark’s Orsted A/S, Copenhagen Infrastructure Partners (CIP), Canada’s Northland Power Inc (NPI), China Steel Corp (CSC, 中鋼) and state-run utility Taiwan Power Co (Taipower, 台電), the ministry said.
Between 2021 and 2025, Wpd Taiwan plans to bring online another wind farm off Taoyuan, while Orsted and CIP would operate two farms in Changhua.
CSC, Taipower and NPI would each operate one wind farm off Changhua during the period, ministry data showed.
There are still some challenges for the developers to overcome before their wind farms can connect to the grid, Bureau of Energy Director-General Lin Chuan-neng (林全能) said, citing deposits and construction permits.
In addition, the companies are required to draft “localization” plans to explain how they will boost ties with Taiwanese suppliers, as the ministry plans to build a local supply chain for wind turbines and undersea foundations, Lin said.
The project to ramp up offshore capacity by 2025 is expected to generate about 20,000 jobs and attract investments valued at NT$962.5 billion (US$32.51 billion), data showed.
The ministry said two local companies, cement producer Asia Cement Corp (亞泥) and textile supplier Lealea Enterprise Co (力麗), did not win wind farm contracts.
In related news, Taipower yesterday signed a NT$25 billion procurement contract with Luxembourg-based marine construction company Jan De Nul Group and Japan’s Hitachi Ltd to build 21 offshore wind turbines in Changhua’s Fangyuan Township (芳苑).
Each turbine would have an installed capacity of 5.2 megawatts, Hitachi said in a statement.
The three companies would start examining the ocean bed off Changhua this month and the construction of the turbines is scheduled to start next year, it said.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
UNCERTAINTY: Investors remain worried that trade negotiations with Washington could go poorly, given Trump’s inconsistency on tariffs in his second term, experts said The consumer confidence index this month fell for a ninth consecutive month to its lowest level in 13 months, as global trade uncertainties and tariff risks cloud Taiwan’s economic outlook, a survey released yesterday by National Central University found. The biggest decline came from the timing for stock investments, which plunged 11.82 points to 26.82, underscoring bleak investor confidence, it said. “Although the TAIEX reclaimed the 21,000-point mark after the US and China agreed to bury the hatchet for 90 days, investors remain worried that the situation would turn sour later,” said Dachrahn Wu (吳大任), director of the university’s Research Center for