Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Estimate of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
Taiwan is tipped to become Asia’s second largest offshore wind market in the next five years, backed by a supportive government, a favourable policy framework and an influx of foreign investment.
Proposed changes to the Feed in Tariff (FiT) for offshore wind have made investment attractive, and over 5GW of offshore capacity is expected to be in place by 2025.
And with such growth, economies of scale should ensue, enabling Taiwan to become an increasingly important regional export hub for the growing offshore sector.
There remains uncertainty about grid reliability, however.