Development of Taiwan’s offshore wind market is likely to be strongly underpinned by foreign companies in the short term, but they face a slow erosion of their dominance as authorities enforce local content rules, Fitch Solutions said.
“Taiwan’s Ministry of Economic Affairs has in place policies to mandate the use of the local supply chain, and lately this requirement has been a key factor considered by the Taiwanese government when selecting winning projects,” the analysts said in a research note.
