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Taiwan to Offer 3 GW of Offshore Wind in March 2024 Auction, Maximum Available Project Capacity 900 MW

Taiwan’s Ministry of Economic Affairs will launch the second auction of the Round 3 Zonal Development Phase on 11 March 2024 and offer around 3 GW of installed capacity.

On 23 November, the Ministry published key details for the upcoming offshore wind auction, which show the maximum capacity that could be awarded per project will be 1 GW, which includes 900 MW as the maximum and an additional 100 MW for bidders who secured corporate power purchase agreements (CPPAs). For the latter, the government will require letters of intent signed with at least two companies.

Taiwan will also award proposals of around 700 MW and 500 MW, with the minimum proposed capacity that will be able to participate set at 100 MW.

The application period for the upcoming auction round will run until 10 April and the results are expected to be announced in May 2024.

In December last year, Taiwan allocated seven offshore wind sites to six developers through the first auction of its Round 3 offshore development phase.

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Last year’s winners were Copenhagen Infrastructure Partners (CIP), a joint venture between Corio Generation and JERA; Northland Power; Synera┬áRenewable Energy (formerly known as Swancor Renewable Energy); a joint venture between Taiya Renewable Energy and EDF Renewables; Skyborn Renewables (formerly known as wpd) in partnership with LeaLea Group; with Skyborn Renewables also securing 165 MW on its own.

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