Taiwan’s offshore wind development has gradually matured, offering vast business opportunities for localization and has geared up for entering the Southeast Asian market, according to speakers at the Offshore Wind Summit 2023.
Taking place on Oct. 20 at the Taipei International Convention Center (TICC), the Offshore Wind Summit shed light on the current state, future planning, and green finance development of Taiwan's offshore wind power industry.
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Officials, academics, and industry experts exchanging views on Taiwan's offshore wind energy policies. (Photo: Mirror Media)
Approximately 100 wind turbines added this year, heading for 5.6 GW by 2025
Wind power is not exclusively for foreign investors, and Taiwan must nurture competitive domestic suppliers, said Vice Premier Cheng Wen-tsan (鄭文燦), calling for investment from both private and state-run banks. It is expected that the financing demand for the first and second stages of the Phase 3 Offshore Wind Zonal Development will amount to up to NT$800 billion.
