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Taiwan's Ministry of Economic Affairs has set out the new feed-in-tariff (FiT) at TWD 5.5160/kWh (EUR 0.156731/kWh) for the 20-year offshore wind Power Purchase Agreements (PPAs) signed in 2019. The wind projects that sign their PPAs in 2019 will receive TWD 6.2795/kWh during the first ten years of operation, and TWD 4.1422 for the remaining ten years. The […]
The Global Wind Energy Council (GWEC) has called on the government of Taiwan to rethink proposed changes to the Feed-in-Tariff (FiT) for offshore wind projects.
Taiwan's Ministry of Economic Affairs has proposed a 12.71% reduction in Feed-in-Tariffs (FiTs) for offshore wind projects that sign their Power Purchase Agreements (PPAs) in 2019 as compared to the current rate.
France's Minister of Ecology François de Rugy has signed the letters approving re-negotiated feed-in-tariffs for six offshore wind projects selected in the country's first two tendering rounds.
Japan, the world’s third largest economy, has firmly shifted its future energy profile towards renewable energy technologies with a decision on Monday to implement a feed-in-tariff for wind power and other renewables. Reuters reported that the new incentives for renewable energies could unleash billions of Euros in revenue from renewable generation and related equipement while […]
UK-based fund manager Glennmont Partners has entered into an agreement with Global Infrastructure Partners (GIP) to acquire a 25% stake in the Gode Wind 1 offshore wind farm in Germany. The acquisition is the first offshore wind investment to be realised from Glennmont’s EUR 850 million Clean Energy Fund III, which achieved its final close […]
France will increase its offshore wind tendering target from around 600MW a year to 1GW a year until 2028 as the Dunkirk tender has shown that the costs are decreasing, French Prime Minister Edouard Philippe said. ''Today, the project off Dunkirk shows that costs fall even faster when projects are well set up,'' Prime Minister Philippe […]
The Renewables Infrastructure Group Limited (TRIG) has agreed to acquire a 25% interest in the 330MW Gode Wind 1 wind farm in the German North Sea. The investment is being acquired from Global Infrastructure Partners as part of their divestment of their 50% stake in the underlying project, TRIG said. Following the completion of the […]
Ørsted has taken the final investment decision (FID) on the Changhua 1 and 2a offshore wind farm in Taiwan. Prior to the FID, Taiwan’s Ministry of Economic Affairs approved Ørsted’s local supply chain plan, and subsequently Ørsted has signed a power purchase agreement (PPA) with Taipower at the feed-in-tariff level announced on 30 January 2019. […]
By Mr. Giordano Toninelli – Area Sales Manager – Faccin SPA Introduction Wind energy business has an historical background in Europe due to the high number of wind farms installed in the Old Continent, but in recent times the focus of offshore wind investments is starting to shift from Europe to Asia. Wind energy business […]
The 300MW Hai Long offshore wind farm has secured all approvals and permits and the next step will be executing the power purchase agreement with Taipower, Mike Crawley, President and Chief Executive Officer of Northland Power, said. The wind farm is one of three Hai Long projects with a combined capacity of 1,044MW that Northland Power […]
Taiwan's Bureau of Energy has granted Ørsted the establishment permit for the 900MW Changhua 1 and 2a offshore wind project. In the coming weeks, Ørsted will work with the Taiwanese authorities and local stakeholders to reach other outstanding key project milestones, such as completing the supply chain plan and signing the power purchase agreement (PPA), […]
The 900MW Changhua 1 and 2a offshore wind projects will move forward, Ørsted said in response to the announced 6% Feed-in-Tariff reduction, but the final investment decision depends on the outcome of supply contract renegotiations and relevant project milestones being achieved in time to keep the projects on track for commissioning in 2021. Developers who sign their […]
The Global Wind Energy Council (GWEC) has called on the government of Taiwan to rethink proposed changes to the Feed-in-Tariff (FiT) for offshore wind projects to avoid the costly lessons made by other markets that pursued a similar approach. GWEC has released new data with supporting examples from the French and German offshore markets that […]
Offshore WIND's ten most read news in December 2018.
Ørsted will pause and revisit its project activities, the project timelines, and local commitments in Taiwan after not receiving an establishment permit in time to sign a 2018 power purchase agreement (PPA) with Taipower for the Changhua 1 and 2a projects.
While Offshore WIND team started preparing for our 2019 conference even before the 2018 one kicked off and the preparations are now well underway, we bring you an overview of the news from our now last year's event:
Japanese utility JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32.5% equity interest in the Formosa 1 offshore wind power project located off the north-western coast of Taiwan.
UK offshore wind developer Enterprize Energy has revealed plans to build the 3.4GW Ke Ga offshore wind farm in Vietnam.
Taiwanese government watchdog, Control Yuan, has issued a report which is said to point to a number of shortcomings in the country's offshore wind development plan, according to local media.
Offshore WIND's most read news from 2 to 9 December 2018.
The proposed reduction in 2019 Feed-in-Tariffs (FiTs) for offshore wind in Taiwan could potentially have a negative impact on Ørsted's localisation plans and the final investment decision for the company's first offshore projects in the country, a spokesperson for Ørsted told Offshore WIND.
Offshore WIND's most read news from 12 to 18 November 2018.
A recent reduction in feed-in-tariffs for offshore wind projects was a surprise to many, but the industry was ready for it, Barbara Zuiderwijk, Founder and director of Green Giraffe, said during the Offshore WIND Conference in Amsterdam.
The regional council of Pays de la Loire in France is opening consultations for new offshore wind areas.
Northland Power reported CAD 192.6 million in offshore wind sales in the second quarter of 2018, a CAD 31.9 million increase compared to the same period last year, mostly due to all turbines at the 332MW Nordsee One project producing power.