The UK Department for International Trade and NOF Energy will take 38 delegates from 24 companies from UK’s offshore wind supply chain to Taiwan, aiming to build relationships between UK and Taiwanese companies and organisations.
On 19 and 20 October, the UK delegation will connect with a network of businesses, suppliers and organisations from Taiwan’s offshore renewables sector.
As part of the trade visit, the group will attend a renewable energy conference and exhibition, which incorporates a UK-Taiwan showcase event that will allow UK delegates the opportunity to promote their businesses and importantly share offshore wind experiences with local industry. Delegates will also tour Changhua Port, which is a significant strategic resource for the Taiwan offshore wind market, and will meet with local contractors operating from the facility.
Offshore wind opportunities in Taiwan are expected to generate GBP 14 billion of investment and installing 3GW by 2025, with the total offshore wind capacity planned to reach 4GW by 2030.
Taiwan’s ambitious plans are creating export opportunities for British companies that have established themselves in the UK and European renewables markets.
Minister of State for Trade and Export Promotion, Rona Fairhead said: “Britain is a world leader in energy and innovation and we welcome the chance for UK businesses to share their expertise with the Taiwan’s growing offshore renewables sector. We are committed to forging a new culture of exporting and building ever-closer partnerships with businesses across Taiwan.”
“South East Asia and Taiwan, in particular, are increasingly successful players in the offshore wind market. The UK has developed significant expertise in offshore wind, and many NOF Energy members are keen to partner with companies in Taiwan to mutual advantage,” Joanne Leng MBE, deputy chief executive of NOF Energy, said. “The business opportunities are significant for local and international supply chain companies. Along with offshore wind, wave and ocean energy are also included in Taiwan’s national renewables strategy with plans to set up development guidelines and a major pilot programme. This strategy presents positive export opportunities for UK companies with offshore wind experience and expertise that can help Taiwan deliver on its renewables ambitions.”
Taiwan plans to increase its overall wind power capacity, for both onshore and offshore wind, from 530MW to 5,200MW by 2030 as part of a renewable energy plan unveiled by the Ministry of Economic Affairs (MOEA).