renewable energy

More than 200 industry practitioners joined this online meeting with more than 16 companies sharing best practice in offshore wind farm Operations and Maintenance, smart grid and innovative floating offshore wind technology. A Memorandum of Understanding was signed between CSBC, Taiwan’s largest ship builder and Flotation Energy, a British floating wind developer, focusing on collaboration on floating wind development in Taiwan. The MoU signing was witnessed by YU Cheng-Wei, Director General of Bureau of Energy and John Dennis, British Representative in Taiwan.

Through its energy transition policy, Taiwan plans to increase the proportion of renewable energy power generation to 20% by 2025 and become an offshore wind power hub in the Asia region. The three stages of Taiwan’s offshore wind power policy include demonstration, potential, and zonal development. Recently Taiwan officially began Phase 3 of offshore wind development. “The Developer Selection Mechanism for Phase 3 (Zonal Development) of Offshore Wind” was announced on 19th August 2021 by the Ministry of Economic Affairs after extensive consultation with stakeholders. 15 GW of capacity will be released in phases from 2026 to 2035. It is expected to steadily develop Taiwan’s offshore wind market and move toward an environmentally sustainable future.

With rapid offshore wind expansion and ambitious energy transition, Taiwan has the potential to become a leader in the Asia Pacific region in the offshore wind industry. The UK government is investing in technologies to bring more green energy into the UK grid system. Offshore wind is becoming cheaper and more economically compelling every year, and the UK is at the forefront of this innovation, and the UK is committed to sharing this innovation with Taiwan.

30 UK offshore wind companies are already established in Taiwan – a strong sign of confidence in Taiwan’s offshore wind market. The UK has the experience and commercial capabilities to help Taiwan build a robust supply chain of developers, setting the global standard for offshore wind development. Capitalising on new technologies such as floating offshore wind will cement Taiwan as the region’s leading offshore wind market.

 

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