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Market to Watch: Taiwan Offshore Wind

Within a short period of time, Taiwan has emerged as a leading offshore wind market in East Asia due to its ideal conditions for wind energy and the government’s commitment to developing the industry.

In January 2018, the offshore wind energy target was increased to 5.5GW by 2025, and Taiwan continues to ride the wave of its offshore success by increasing their commitment yet again to add a further 10GW of offshore wind capacity off the Asian island between 2026 and 2035.

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From 0 to 15GW by 2030: Four Reasons Why Taiwan is the Offshore Wind Market in Asia

After Taiwan’s President Tsai Ing-wen’s re-election on Saturday 11 January, we are more confident than ever that Taiwan will continue to be a leader in the energy transition, both in Asia and globally. Three years ago, Taiwan started to transform its energy policies under a clear vision for a clean energy future from the DPP government which has powered the impressive offshore wind growth we have seen in the region and contributed to stronger energy security. With the continuation of the DPP government in office, along with their commitment to offshore wind as shown with the updated offshore target of an additional 10 GW between 2026-2036 announced in November 2019, it is clear that Taiwan will continue rapidly down the path of their clean energy future.

If you are not convinced that Taiwan is the most attractive offshore wind market in Asia, here are four main reasons why.

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