Zero-subsidy bids have entered Taiwan offshore wind: Why, and what’s next?

This insight explores the recent development of zero-subsidy bids awarded in the latest Stage 3 Round 1 offshore wind tender in Taiwan. This is the first time that zero-subsidy bids have been awarded in Asia Pacific (excluding China) and marks a major turning point, as offshore wind was previously reliant on government subsidies in the form of feed-in-tariffs to cover its high costs. The insight will examine the role of offshore wind and its cost relative to other technologies, as well as answer some of the most frequently asked questions pertaining to the results and implications for other offshore wind markets in the region.