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Taiwan announced the winning bids for Block 3-2 of its offshore wind power zones on July 9, with Shinfox Energy securing the top spot, followed by Synera Renewable Energy, and Ørsted. Market speculation before the announcement suggested Shinfox's strong focus on domestic production boosted its chances, leading to a surge in stock prices.
Driven by government initiatives, Taiwan's offshore wind power sector is providing opportunities for local manufacturers. Major stainless steel and cable manufacturer Walsin Lihwa has partnered with Denmark's NKT Group to establish Taiwan's first and currently only submarine cable manufacturing facility, slated for operation by 2027. Despite the anticipated timeline, Walsin Lihwa is eyeing the Asia-Pacific green energy market spurred by trends in data centers and electric vehicles.
