Ørsted escalates conflict in Taiwan
The Danish energy company is formally suspending work on its offshore wind projects in Taiwan, including partnerships with local suppliers. The country's government downplays the significance of this move.
Ørsted has suspended work on its two offshore wind projects, Changhua 1+2, in Taiwan. Local partners such as China Steel Corp, Century Iron & Steel and Star Energy have thereby received notice that contracts with the Danish energy company are now pending further development. Furthermore, the wind major is also reconsidering whether to renegotiate terms on other contracts not yet under execution.
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