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 .
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 company said it will now review its existing commitments in the region, after expressing its disappointment in both the delays and a proposed cut in the feed-in tariff rate proposed by the Taiwanese government.