Orsted has announced the postponement of plans to invest in Taiwanese offshore wind projects after the company missed the deadline to secure a power purchase agreement for a proposed installation. Orsted had planned to invest in the 900 MW Changhua 1 and 2a projects, but the company revealed that Taiwan's Bureau of Energy had failed to issue an establishment permit within the allotted timeframe. As a result, he said the company “will now pause and revisit all our project activities, the timeline of the projects, and our supply chain commitments and contracts as we had assumed signing of the PPA in 2018”. The delay means that Orsted, which is based in London, will not be able to complete its investment by March 2017.
Orsted has announced the postponement of plans to invest in Taiwanese offshore wind projects after the company missed the deadline to secure a power purchase agreement for a proposed installation. Orsted had planned to invest in the 900 MW Changhua 1 and 2a projects, but the company revealed that Taiwan's Bureau of Energy had failed to issue an establishment permit within the allotted timeframe. The delay means that Orsted, which is based in London, will not be able to complete its investment by March 2017.