Taiwan raises the price of offshore wind
Taiwan's government has settled to a compromise between the original feed-in-tariff rate and later price that prompted, among other outcomes, Ørsted to suspend its projects.
The standstill impacting Taiwanese offshore wind energy projects appears to be nearing an end. Tuesday, the country's government announced a new feed-in-tariff (FIT) for TWD 5.516 (EUR 0.16) per kWh for projects approved with entered power purchase agreement (PPAs) this year. Albeit less than the originally allocated FIT of TWD 5.848 per kWh, the new rate is TWD 0.75 more than the price proposed in the November draft, informs Taiwan's Ministry of Economic Affairs in a statement.
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