Ørsted to rethink Taiwanese offshore wind plans after missing 2018 deadline

04/01/2019 10:06 Wind

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Danish offshore wind major Ørsted A/S will pause and review its plans for investments in Taiwan as it has been unable to secure a key permit for 900 MW of offshore wind projects in time to get the 2018 feed-in tariff (FiT).

The company said Wednesday it missed the January 2, 2019 deadline for signing a 2018 power purchase agreement (PPA) with Taipower because Taiwan’s Bureau of Energy delayed the establishment permit for the Greater Changhua projects.

 

“We will now pause and revisit all our project activities, the timeline of the projects, and our supply chain commitments and contracts as we had assumed signing of the PPA in 2018,” said Ørsted Offshore CEO Martin Neubert.

 

Ørsted believes the FiT has to reflect the very high costs for building Greater Changhua 1 and 2a, mainly related to the establishment of a local supply chain at scale, onshore grid infrastructure upgrades, and the operation and maintenance (O&M) of offshore wind farms in waters where typhoons and earthquakes occur.

 

The Danish company won in an auction in June 920 MW of additional offshore wind capacity from the Greater Changhua sites with a bid of TWD 2,548 per MWh.

Source: renewablesnow.com

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