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Taiwan’s Ministry of Economic Affairs has announced the outcome of its first offshore wind auction. Ørsted was awarded 920MW capacity for its offshore wind sites in the Changhua region.
 
Subject to Ørsted obtaining relevant permits and taking final investment decision, the projects are to be built in 2025. Ørsted’s winning bid price was TWD2,548 (approx. € 72.3) per MWh. With today’s result, Ørsted has a total offshore wind pipeline in Changhua of 1,820MW including the 900MW which were awarded to Ørsted in April. Next step for Ørsted’s projects is to obtain the establishment permit and to secure the feed-in-tariff by signing a power purchase agreement with Taipower. Subject to Ørsted taking final investment decision, Ørsted will start construction works in 2023 and expects the projects to be commissioned in 2025.
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