Driven by strong policy support and generous state subsidies, Taiwan’s offshore wind sector has emerged as a world leader with 2.25GW of installed capacity and another 3GW in late-stage development.

Global inflation and strict local content rules threaten to derail this progress, however, as developers are asking for offtake prices higher than the market will pay. So far, none of the five projects awarded in the latest 'Round 3.1'