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 . The company said the feed-in-tariff needs to reflect the “extraordinarily high costs faced by Greater Changhua 1 and 2a, mainly related to creating a local supply chain at scale, reinforcing the onshore grid infrastructure and building, operating and maintaining offshore wind farms in challenging waters where typhoons and earthquakes occur”. It had planned to invest in the 500 MW Changhua 2 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 company said it will now review its existing commitments in the project , after expressing its disappointment in both the delays and a proposed cut in the feed - in tariff rate proposed by the Taiwanese government .
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 . It had planned to invest in the 500 MW Changhua 2 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 company said it will now review its existing commitments in the project , after expressing its disappointment in both the delays and a proposed cut in the feed - in tariff rate proposed by the Taiwanese government .