The draft rules for vendor selection in offshore wind power Phase 3-3 have, for the first time, removed localization requirements. However, this has not slowed investment in Taiwan by companies including Century Iron & Steel. Because localization requirements impact domestic suppliers that have already made substantial investments, Century Group calls for a gradual policy adjustment. As the Asia-Pacific offshore wind market continues to grow, Century Group is also accelerating the build-out of production capacity in Indonesia, with plans to explore export opportunities in Japan and South Korea.
Century Group secures over NT$100 billion in wind power orders
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Jan