Taiwan is now very close to awarding 3 GW of offshore wind capacity in Phase III of its offshore wind allocation program.

Yesterday, Taiwan announced a shortlist of ten projects spread across six developers.

3 GW of capacity for six developers

The current auction round aims to award 3 GW of offshore wind capacity. As there is a cap of 500 MW per developer, the auction could essentially come down to the six developers competing for 6 x 500 MW, making it likely that everyone on the shortlist will get a piece of the cake.

Potential jokers could however be multi-shareholder structures, which may enable some developers to exceed the 500 MW limit as part of a consortium, and the option for a higher number of smaller projects instead of the simple 6 x 500 MW option.

Next steps to allocate final areas

Several of the ten shortlisted projects occupy partly or fully overlapping areas, so the next step in the auction is a final selection to divide the total 3 GW capacity between the competing developers and projects.

It is therefore assumed that one or both of the projects in each overlap-area – approximately illustrated on the attached map – will be reduced in size or not chosen.

The final selection is expected to be announced this year. Follow Aegir Insights on LinkedIn to catch more insights about offshore wind in Taiwan.