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Taiwan gov’t boosts offshore wind energy investment with national and PE funds

Developing offshore wind energy necessitates substantial financial investments. Currently, there are 260 offshore wind turbines spinning in the Taiwan Strait, boasting an installed capacity exceeding 2.0 GW. To meet the objectives of achieving a cumulative installed capacity of 5.6 GW by 2025 and adding 1.5 GW annually from 2026 to 2035, the anticipated investment amount is expected to surpass NT$3 trillion. Hence, the National Development Council (NDC) has introduced the national credit guarantee scheme to mitigate uncertainty in the development of offshore wind farms.