Taiwan Aims for 4 GW of Installed Offshore Wind Capacity by 2030

Taiwan expects its offshore wind energy projects to attract TWD 2.5 billion (USD 74.6 million) of fresh investments in 2016, with the sector projected to draw in a total of TWD 670 billion of new investments by 2030, according to the country’s Bureau of Energy, Ministry of Economic Affairs.

The country expects to average 300 MW of installed capacity annually in the years to come, with the total installed capacity reaching 4,000 MW by 2030, and not 3,000 MW as previously planned.

The projections were presented this week during the ”2016 Offshore Wind Farm Financing Workshop” organised by the Taiwan Academy of Banking and Finance Institute (TABF). The workshop attracted more than 200 participants from domestic and foreign financial and insurance sectors.

The aim of the workshop was to bring together foreign offshore wind project financing experts and domestic financial and insurance industry professionals to identify ways in which Taiwan’s substantial offshore wind potential could attract the investments needed for the projections to materialize.

Offshore WIND Staff