Taiwan was a first mover in offshore wind development in the Asia-Pacific region (outside of China) and saw early success mainly due to attractive site conditions and a governmental willingness to pay.
With the recent resolution of trade tensions between the EU and Taiwan, the market is showing signs of a potential turnaround after years of turbulence caused by rigid local content requirements and de-facto merchant route-to-market conditions.
However, regulatory pains with local content requirements (LCR) and de-facto merchant terms have halted progress and spurred project cancellations in recent years. Now, the market is attempting a turnaround with its upcoming Round 3.3 auction.
As Round 3.3 takes shape, Taiwan’s offshore wind landscape is beginning to open new doors — particularly across the supply chain — for international players. Meanwhile, developers with a strong track record remain committed to progressing the next wave of projects. That said, several critical questions remain:
🔹 What will a “no-local content” regime look like in practice?
🔹 Will further cancellations from Round 3.1 and 3.2 widen the pipeline gap?
🔹 When will the market reach saturation?
Aegir Insights' new Market Playbook offers a comprehensive overview of the Taiwanese offshore wind market, looking into:
🔹regulatory hurdles in recent years,
🔹the attempt at a regulatory reset ahead of the upcoming auction,
🔹and future outlook for the market.
Whether you're planning a bid or eyeing market entry, now is the time to position yourself for the next offshore wind phase in Taiwan.
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