Danish companies defies mounting risk profile in Taiwan.

While language is harsh among US and China, and military exercises are carried out in the region, Ørsted and Copenhagen Infrastructure Partners are installing offshore wind farms in Taiwan, and Danish export flows to the country are growing, reports Danish business daily Børsen.

According to a note from the Danish Foreign Ministry, Denmark’s export to Taiwan has nearly tripled in the last five year, and back in March, Ørsted announced passing final investment decisions on two offshore wind farms in the Taiwan Strait. 

In the following weeks, China and the US have intermittingly carried out major military exercises in the South Chinese Sea off Taiwan, which has bolstered concerns for an armed conflict between the two great powers – something that would impede the global economy.

US intelligence reports of Chinese instructions toward military to prepare for an invasion of Taiwan in 2027, writes Børsen.

A few weeks ago, Danish cable manufacturing group NKT joined a partnership to provide technical support for the construction of the first subsea power cable factory in Taiwan. And the developments in recent weeks have not obstructed those plans.

”We knew about the geopolitical risk going into dialogs on partnership projections. The safety of our employees are our main priority, and the joint venture agreement involves measures which address potential changes to the Taiwanese regime,” says NKT in writing to Børsen.