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.
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Total has signed an agreement with wpd to acquire a 23 per cent interest in Yunlin Holding GmbH. The latter owns the 640 MW Yunlin offshore wind farm, which is currently under construction around 200 km southwest of Taipei, off the coast of Taiwan. For this acquisition, Total will pay to wpd a consideration based on its share of past costs.
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Caisse de dépôt et placement du Québec, a Canadian pension fund is investing $1-billion in a Taiwanese offshore wind project in its latest of a string of renewable-energy acquisitions. The Qubéc-based fund will acquire a 50 per cent stake in the Greater Changhua 1 Offshore Wind Farm developed by Ørsted. The acquired project has a total installed capacity of 605 MW and is valued at $3.4 billion.
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Taiwan is on the path to connect 5.5 GW of new offshore wind capacity by 2025, and another 10 GW 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 $90 billion USD and create around 57,000 jobs.
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