Taiwan’s Ministry of Economic Affairs has finally announced the 2019 Feed-in Tariff (FiT) for offshore wind projects revealing new numbers which, though not what the industry would have preferred, is nevertheless not as bad as was originally feared.
In a blow to the immediate future of offshore wind in Taiwan, Danish power company Ørsted has suspended development of its local projects following delays imposed by the Taiwanese Government’s failure to issue a Power Purchase Agreement (PPA) under 2018’s Feed-in Tariff (FiT) rate.
Taiwan’s Bureau of Energy had not issued an establishment permit in time for the 900 megawatt (MW) Changhua 1 and 2a projects, which had been awarded to the company by Taiwan’s Ministry of Economic Affairs in April of 2018, meaning that Ørsted was unable to sign a 2018 Power Purchase Agreement (PPA) with Taiwanese utility Taipower.
