Global pacesetter Orsted emerged as the big winner in Taiwan’s first offshore wind auction, winning 920MW in a competitive process that awarded 1.66GW and followed May's allocation by the country of an initial 3.84GW.

Orsted said its winning price across the two projects in the Changhua region was TWD2,548/MWh, equivalent to about €72.3/MWh ($84.30).

The other winner was Canada's Northland Power, which secured 744MW for its Hai Long 2 & 3 projects, according to a statement by Taiwan's energy ministry.