Introduction
The Taiwan Offshore Wind Market is witnessing accelerated growth as the country intensifies its transition toward renewable energy. Due to its high energy yield, scalable capacity, and minimal land use conflicts, offshore wind has emerged as a cornerstone of Taiwan's decarbonization roadmap. With expansive coastlines and favorable wind conditions, Taiwan is strategically positioned to harness offshore wind to meet its energy security and climate targets.
Governments, utilities, and private developers in Taiwan are increasingly collaborating to establish large-scale wind farms in shallow and deep waters. Technological advancements in turbine design, floating platforms, and grid connectivity are lowering costs and enabling broader deployment across coastal zones. Additionally, offshore wind projects are now linked to green hydrogen production, further amplifying their strategic value in Taiwan’s low-carbon economy.
Growth Drivers For The Taiwan Offshore Wind Market
- Renewable Energy Targets and Climate Commitments
Taiwan has committed to aggressive climate targets, including net-zero emissions by mid-century. Offshore wind is identified as a critical enabler to reduce dependence on fossil fuels and meet national renewable energy quotas. - Abundant Coastal and Wind Resources
Taiwan boasts long coastlines with high wind speeds and shallow seabeds, creating ideal conditions for fixed and floating offshore wind installations. These geographical advantages offer a significant edge in project economics and scalability. - Falling Levelized Cost of Energy (LCOE)
Continued technological innovation and economies of scale have brought down the cost of offshore wind in Taiwan. Larger turbines, advanced foundations, and efficient installation techniques contribute to improved project viability. - Government Incentives and Policy Support
Feed-in tariffs, Contracts for Difference (CfD), tax credits, and offshore leasing frameworks are being introduced or expanded in Taiwan to attract investment and accelerate project pipelines. - Industrialization and Local Supply Chain Development
Offshore wind is driving new industrial opportunities in Taiwan, including local manufacturing of turbine components, offshore vessel construction, and port infrastructure development, boosting employment and GDP contribution.
Market Trends In The Taiwan Offshore Wind Market
- Shift Toward Floating Wind Technology
Taiwan is exploring deepwater installations using floating wind platforms, unlocking new marine zones previously unsuitable for fixed-bottom turbines. This trend broadens project scope and aligns with global innovation trends. - Integration with Green Hydrogen Production
Co-locating offshore wind farms with electrolysis facilities is gaining traction in Taiwan. Offshore wind-powered hydrogen production supports decarbonization of hard-to-abate sectors and energy export strategies. - Digitalization and Smart Monitoring
Deployment of AI, IoT, and digital twins in offshore wind projects in Taiwan enhances asset performance, predictive maintenance, and real-time energy forecasting, improving overall system efficiency. - Hybrid Offshore Projects and Grid Storage Integration
Developers in Taiwan are combining offshore wind with battery storage and interconnection with solar or tidal energy sources, optimizing grid stability and renewable utilization. - Cross-Border Grid Interconnectivity
Offshore wind in Taiwan is becoming a regional energy connector. Plans for international power grids and shared subsea infrastructure are expanding the market’s geopolitical and economic relevance.
Challenges In The Taiwan Offshore Wind Market
- High Capital Expenditure and Long ROI
Despite declining costs, offshore wind projects in Taiwan require substantial upfront investments, long permitting processes, and delayed financial returns, posing challenges for smaller developers. - Grid Integration and Transmission Bottlenecks
Limited grid capacity and outdated onshore transmission infrastructure in Taiwan can hinder the seamless integration of large-scale offshore wind energy into national grids. - Environmental and Navigational Concerns
Offshore wind installations in Taiwan must navigate ecological sensitivities, fisheries impact, and maritime navigation routes, requiring comprehensive environmental assessments and stakeholder consultations. - Permitting Delays and Regulatory Complexity
Complex and time-consuming permitting procedures in Taiwan can delay project timelines, increase costs, and reduce investor confidence in offshore wind development. - Workforce and Skill Gaps
A lack of trained professionals and offshore engineering talent in Taiwan may impede project delivery and operations, highlighting the need for workforce development programs.
Taiwan Offshore Wind Market Size And Forecast
The Taiwan Offshore Wind Market is expected to expand at a compound annual growth rate (CAGR) of approximately 12% to 16% from 2024 to 2030, driven by escalating project announcements, governmental backing, and technological maturation. By 2030, installed offshore wind capacity in Taiwan could surpass 8–15 GW, positioning the country as a regional leader in clean energy production.
Major utility-scale tenders support this growth, floating wind pilot projects, and port modernization efforts, laying the foundation for a long-term offshore energy ecosystem in Taiwan.
Future Outlook
The future of the offshore wind market in Taiwan is robust, driven by decarbonization imperatives, global investment flows, and sustained policy commitment. Offshore wind will play a central role in powering cities, electrifying industries, and potentially serving as the backbone of a green hydrogen export economy.
Over the next decade, Taiwan is poised to become a hub for offshore innovation, testing next-generation turbines, floating solutions, and co-located offshore energy platforms. Investments in grid expansion, port logistics, and workforce reskilling will be key enablers.
International collaborations, regional power sharing, and participation in global value chains will further elevate Taiwan’s presence in the offshore wind landscape. As the country balances ecological preservation with clean energy goals, offshore wind will be a sustainable development flagship.
Taiwan Offshore Wind Market Segmentation
By Foundation Type:
- Fixed-Bottom Foundation
- Floating Foundation
By Component:
- Turbines
- Substructures
- Electrical Infrastructure (Subsea Cables, Substations)
- Others (Control Systems, Monitoring Equipment)
By Location Depth:
- Shallow Water (<30m)
- Transitional Water (30–60m)
- Deepwater (>60m)
By Application:
- Utility-Scale Power Generation
- Industrial Power Supply
- Green Hydrogen Production
- Offshore Hybrid Energy Systems
By End-User:
- Power Utilities
- Oil & Gas Companies
- Independent Power Producers (IPPs)
- Government Agencies
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Leading Players
- Orsted
- Siemens Gamesa Renewable Energy
- Vestas Wind Systems
- General Electric (GE)
- Mitsubishi Heavy Industries
- Equinor
- Shell
- RWE Renewables
- BP
- Ocean Winds
Recent Developments
- Orsted secured seabed rights in Taiwan for a 1.2 GW offshore wind project aimed at supplying power to more than 1 million households and supporting local green job creation.
- Vestas announced the deployment of next-generation 15 MW turbines in an offshore wind park off the coast of Taiwan, marking a new milestone in turbine scale and efficiency.
- Equinor partnered with a domestic utility in Taiwan to co-develop a floating offshore wind farm in deep waters, reinforcing the country’s innovation leadership in floating wind.
- Shell launched a feasibility study for integrating offshore wind with hydrogen production facilities in Taiwan, aligning with national clean energy export ambitions.
- RWE Renewables began construction of a major offshore substation and grid interconnection system for an upcoming 800 MW project in Taiwan, addressing grid bottlenecks and enhancing transmission reliability.
Other Regional Reports of Offshore Wind Market:
