Where Is the Money Going in Taiwan’s Offshore Wind Boom?
Taiwan has quietly become one of the world’s fastest-growing offshore wind markets. But the real story is the billions behind it. In just over a decade, Taiwan has risen into the global top tier, contributing nearly 12% of new offshore wind capacity added worldwide in 2024. And with a target of 15 Gigawatts by 2035, the stakes are only getting bigger. But offshore wind isn’t just about turbines. It’s about complex financing: multi-billion-dollar deals, global and local banks, insurers, and corporate giants like TSMC locking in long-term energy contracts before projects are even built. So where is the money going? And can Taiwan stay competitive as costs rise and the global offshore wind market becomes increasingly uncertain? Divya Gopalan speaks with Georgina Lee (senior correspondent, LPC/Basis Point, London Stock Exchange Group) and Michiel Engelaar (project finance advisor at Blue Water Strategy) about the deals, the risks and what’s next for Taiwan and Asia’s offshore wind market.
