Taiwan Aims to Boost Offshore Wind Power Eightfold by 2039
(Bloomberg) -- Taiwan set a target to expand its offshore wind capacity by as much as eightfold by 2039, doubling down on the technology to curb reliance on imported fossil fuels despite mounting challenges facing the industry.
Taiwan’s Ministry of Economic Affairs released an updated offshore wind road map on Thursday, targeting 18.3 to 19.9 gigawatts of installed capacity by 2035 and as much as 27.9 gigawatts by 2039. The current target for 2035 is 18.4 gigawatts. Taiwan had 3.4 gigawatts of installed capacity last year, according to BloombergNEF.
The plan comes despite headwinds for offshore wind both at home and abroad. Taiwan’s projects have struggled to move forward due to rising supply chain costs, strict localization requirements and tougher environmental approvals, forcing policymakers to retreat from a 2025 target of having 20% of its energy produced by renewable sources.
Still, Taiwan is under growing pressure to speed up its renewable energy rollout as the war in the Middle East disrupts natural gas supplies and pushes up the cost of imported fuel. The island also became more reliant on energy imports after shutting its last nuclear reactor last year.
Taiwan plans to hold offshore wind project auctions every four years, allocating about 8 gigawatts of capacity in each round, the ministry said in the statement. Power demand is projected to grow at an average annual rate of 2.5% between 2026 and 2035, driven by the expansion in the semiconductor, AI and technology sectors, according to the ministry.
©2026 Bloomberg L.P.
