Danish firm Copenhagen Infrastructure Partners K/S (CIP) yesterday announced six proposed sites for offshore wind farm projects for its phase 3 development.
Together, the six sites add up to 6.3 gigawatts (GW) in potential capacity.
Four of the proposed sites are in waters more than 50m deep — the limit for fixed-bottom turbine technology.
Photo courtesy of Copenhagen Infrastructure Partners
While floating turbine technology is still in the experimental phase, CIP Taiwan Round 3 Projects chief executive Jesper Krarup Holst described the decision to go into deeper waters as a “no brainer” and urged the government to initiate a pilot project for floating wind farms.
“It’s just a matter of time before the shallow sites are fully utilized,” Holst said. “If Taiwan expects to have more offshore wind, naturally we will have to go further and further offshore.”
“We expect a large part of the capacity in round 3 will be floating technology,” he added.
Aside from opening up capacity, other benefits of going into deeper waters includes fewer controversies to be resolved, Holst said.
Offshore wind farm developers in Taiwan have run into a series of conflicts ranging from fishing rights to aviation safety concerns.
However, floating wind farm technology is not yet ready for large-scale development.
Holst urged the government to enact two or three pilot 100-megawatt (MW) wind farms immediately to gain experience with the emerging technology.
“What’s crucial here is that the pilot project should be delivered fast,” Holst said. “This will allow commercial projects to be delivered after 2025.”
The six sites will be submitted for phase 3 or “zonal development” of the government’s offshore development plan, which will see 1GW of offshore wind capacity allocated per year between 2026 and 2035.
The Ministry of Economic Affairs is still in the process of finalizing the framework for zonal development.
CIP Taiwan project office director Marina Hsu (許乃文) called for continued local content requirements to sustain Taiwan’s nascent offshore wind supply chain.
“There were a lot of naysayers, but we worked hard with our local partners to prove that offshore wind content localization can be done,” Hsu said. “We support the continuation of this policy so that our suppliers can get more volume and prepare to become exporters.”
For phase 2 of offshore wind development, CIP was allocated 600MW for its Changfang and Xidao Wind Farm projects.
There is enough area in the Xidao wind farm that has passed its environmental impact assessment, but will not be developed as part of phase 2 and can serve as a site for a pilot floating wind farm, Holst said.
If the floating wind farm technology can be realized on a commercial scale, Taiwan could potentially develop more wind power than planned, he said.
“We believe that offshore wind can do much more than the 10GW announced” for zonal development, Holst said.
Japanese technology giant Softbank Group Corp said Tuesday it has sold its stake in Nvidia Corp, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based Softbank said it sold the stake in Silicon Vally-based Nvidia last month, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence (AI) chatbot ChatGPT. Softbank reported its profit in the April-to-September period soared to about 2.5 trillion yen (about US$13 billion). Its sales for the six month period rose 7.7 percent year-on-year
CRESTING WAVE: Companies are still buying in, but the shivers in the market could be the first signs that the AI wave has peaked and the collapse is upon the world Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported a new monthly record of NT$367.47 billion (US$11.85 billion) in consolidated sales for last month thanks to global demand for artificial intelligence (AI) applications. Last month’s figure represented 16.9 percent annual growth, the slowest pace since February last year. On a monthly basis, sales rose 11 percent. Cumulative sales in the first 10 months of the year grew 33.8 percent year-on-year to NT$3.13 trillion, a record for the same period in the company’s history. However, the slowing growth in monthly sales last month highlights uncertainty over the sustainability of the AI boom even as
AI BOOST: Next year, the cloud and networking product business is expected to remain a key revenue pillar for the company, Hon Hai chairman Young Liu said Manufacturing giant Hon Hai Precision Industry Co (鴻海精密) yesterday posted its best third-quarter profit in the company’s history, backed by strong demand for artificial intelligence (AI) servers. Net profit expanded 17 percent annually to NT$57.67 billion (US$1.86 billion) from NT$44.36 billion, the company said. On a quarterly basis, net profit soared 30 percent from NT$44.36 billion, it said. Hon Hai, which is Apple Inc’s primary iPhone assembler and makes servers powered by Nvidia Corp’s AI accelerators, said earnings per share expanded to NT$4.15 from NT$3.55 a year earlier and NT$3.19 in the second quarter. Gross margin improved to 6.35 percent,
BUST FEARS: While a KMT legislator asked if an AI bubble could affect Taiwan, the DGBAS minister said the sector appears on track to continue growing The local property market has cooled down moderately following a series of credit control measures designed to contain speculation, the central bank said yesterday, while remaining tight-lipped about potential rule relaxations. Lawmakers in a meeting of the legislature’s Finance Committee voiced concerns to central bank officials that the credit control measures have adversely affected the government’s tax income and small and medium-sized property developers, with limited positive effects. Housing prices have been climbing since 2016, even when the central bank imposed its first set of control measures in 2020, Chinese Nationalist Party (KMT) Legislator Lo Ting-wei (羅廷瑋) said. “Since the second half of