Taiwans Bureau of Energy (BoE) and Industrial Development Bureau (IDB) been working on a draft regulation for the third round of offshore wind auctions.
This will also include a new target for 2035. Taiwan is on the path to connect 5.5 GW of new offshore wind capacity by 2025 and more capacity will be tendered by the government through the round 3 auctions for commissioning by 2035. By 2035, the investment from offshore wind is expected to reach USD 90 billion. Instead of the previous agenda of adding 1 GW each year between 2026 and 2035, 1.5 GW of offshore wind capacity would now be added each year instead. From 2026 to 2031, Taiwan would add a total of 9 GW of offshore wind and further 6 GW from 2032 to 2035.