Early euphoria over Taiwan’s plans for its next wave of offshore wind has rapidly evaporated over new draft rules that look like an effort to cut developers down to size – and could even make the island look a riskier prospect than neighbouring Japan and South Korea, leading industry players and commentators told Recharge.

The first reaction to May’s preliminary regulations for Taiwan’s third round was positive, thanks to a higher-than-expected 15GW new capacity target to 2035 and an easing of local content requirements to 60% per project.