It’s no secret that the global surge in commodity prices has hit turbine makers hard, but for Taiwan’s Round 3 projects and Round 2 projects that have not yet reached financial close, the pain of raw materials like steel and copper doubling will affect not just the suppliers, but might threaten the viability of future projects, and even the progression of Taiwan’s offshore wind supply chain.
The cost of everything from turbines to foundations to vessel day rates will be going up dramatically for developers going forward, with the overall cost of building a wind farm going up by 15 to 20 percent, estimated a supply-chain executive. Unredacted has talked to several senior figures in the indu...
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