With its first offshore turbines about to be switched on and long-term visibility in terms of policy, financial support and build-out, Taiwan is set to become Asia’s second biggest offshore wind market after China — but with far more opportunities for foreign companies.

Taipei has a goal of 4GW of offshore wind by 2030, but the Asia Wind Energy Association (AsiaWEA) expects that target will soon be revised upwards once it sees the first two turbines spinning — especially light of the recent low prices seen in Europe.