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Decoding Round 3's Administrative Contract

The Taiwanese Ministry of Economic Affairs (MOEA) finally released the long-awaited administrative contract for Round 3 of offshore development. The first phase of Round 3 auctions already took place last year with six developers winning projects totaling 3GW for construction in 2026 and 2027. Their administrative contracts need to be signed in May, said the government. Despite intense lobbying, developers say there were not substantial changes from the draft administrative contracts they went into the auctions with.  

"We tried our best," said one of the developers with a Round "3. 1" contract for construction 2026/2027, "the window for substantially influencing the administrative contracts have closed. "

Their efforts have now turned to getting as much clarity from the government so that they can calculate the costs of their projects and proceed with crucial consenting steps such as obtaining their EIA.  

Open-ended liabilities locked inThe most objectionable feature of the admins...

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