Post by
BayWall on Apr 19, 2023 10:09am
Winds of Change
Almost seems like if things don't change, Orsted plans to leave Taiwan. They will fullfill current project obligations.
So in light of theis, I assume Northland will stay and move forward with their development plans.
Sometimes, No is the only right and responsible answer… We at rsted love to build offshore wind farms that support the path towards a world that runs entirely on green energy. And we are the world's largest and most experienced at doing it. So when we say no to bid into an auction like here in Taiwan, it is painful. But with low prices, extreme inflationary pressure on costs of the investment and challenging frame conditions, a financially healthy project simply cannot be made despite fantastic work by my colleagues. And if every developer continues to build projects that are not financially viable, investments in the green transformation will eventually stop. And that is a much bigger disaster than rsted not getting a project we really wanted. Thanks a lot to the Taiwanese government for constructive dialogue and especially to my local colleagues for their hard work.