Government discussions have included the possibility of introducing a floor price for the auction. This measure is being considered to address financial challenges developers faced in earlier phases of Round 3, where rising costs and limited price flexibility affected project viability.
In addition, authorities are reportedly open to easing the localisation requirements that were previously mandatory for developers. These rules, which involve sourcing a portion of equipment and services domestically, have been cited as obstacles by some participants due to supply chain and cost constraints. Reducing this obligation is likely to be positively received by industry players.
Several developers that secured capacity in the first two phases of Round 3 have encountered difficulties securing financing, leading the government to review auction terms for the new round. The ongoing consultations aim to create a more balanced approach that aligns with industry capabilities while supporting the island’s long-term energy goals.
The Ministry of Economic Affairs is expected to hold further meetings with industry representatives to finalise the framework. These discussions will address key elements such as the timeline for Round 3.3, detailed bidding conditions, and evaluation methods.
Reports suggest that the government is considering new selection criteria for awarding contracts. These may include a review of engineering, procurement, and construction (EPC) capabilities, as well as track records of past performance. Proposed project timelines submitted by developers could also be part of the assessment process.
The planned adjustments are intended to attract qualified developers while ensuring that awarded projects can be executed effectively and within budget. The government's focus appears to be on refining the auction model to promote both competitiveness and financial sustainability.
Taiwan has been advancing its offshore wind sector as part of a broader strategy to diversify its energy mix and strengthen energy security. The Round 3.3 auction will be a key step in maintaining momentum toward these objectives, with emphasis placed on creating an environment conducive to long-term investment.
With policy refinements underway, stakeholders await further details from the Ministry, which are expected to shape the auction structure and determine investor interest in the next phase of Taiwan’s offshore wind development.
