23 Jun '18, 5am

Orsted and Northland share 1.66GW in second Taiwan round

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. The average for the two Northland projects was TWD2,373, with Hai Long 2 coming in cheapest at TWD2,245. The average price of all four projects is TWD2,455/MWh, equivalent to about $81/MWh, significantly below expectations and about half the feed-in-tariff rate that applied this year. The first allocation round in May was awarded on the basis of FITs, but the latest round was...

Full article: http://www.rechargenews.com/wind/1518623/orsted-and-north...

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