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Hard Landing ahead for Taiwan’s Round 3.1?

Industry insiders are sounding the alarm that Taiwan’s Round 3. 1 projects could be “headed for a hard landing. ” The 6 projects that came out of auctions at the end of 2022 for construction in 2026/2027 have yet to sign their administrative contracts. With the deadline for signing looming at June 30th, a number of developers are not yet ready to sign. Any further delays to the administrative contract deadline, which has already been extended, would impact the planned Round 3. 2 auctions (for construction 2028/2029). Speculation has been rife over which of the 6 developers awarded projects would be willing to sign the administrative contracts, with industry insiders estimating only about half the developers would be in a position to ink the contract. Speaking to Taiwan Offshore Wind Unredacted, a developer who declined to be identified said they have been unable to find Corporate Power Purchase Agreement (CPPA) contracts in the NT$5-5. 5/kWh (€150-170/MWh) range that they need to finan...

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