Newbuilding
VARD announced a new contract with Taiwan-based Dong Fang Offshore (DFO) for the design and construction of a state-of-the-art Commissioning Service Operation vessel.
[Read more…] about DFO selects VARD to deliver next-generation CSOVCable installation for Taipower Changhua OWF
Taiwan
Subsea contractor DeepOcean has recently completed the inter-array cable installation for the Taipower Changhua Phase II (TPC-II) offshore wind farm in Taiwan.
[Read more…] about Cable installation for Taipower Changhua OWFVard delivers SOV as planned
Newbuilding
Vard announced that NB 987 has been delivered to Dong Fang Offshore (DFO) from Vard Vung Tau, ahead of the contractual delivery date.
Cancellation of 700MW Youde OWF in Taiwan
Offshore Wind
Taiwan’s Energy Administration is set to cancel the 700 MW Youde offshore wind project, after its local developer, Shinfox Energy, collapsed financially and was delisted.
[Read more…] about Cancellation of 700MW Youde OWF in TaiwanØrsted proposes OWF Dadu II in Taiwan
Wind Energy
Ørsted has proposed a new Offshore Wind Farm in Taiwan.
[Read more…] about Ørsted proposes OWF Dadu II in TaiwanHai Long Project completed a NT$55 Billion Incremental Financing
Finance
The Hai Long Offshore Wind Project has completed a NT$55 billion incremental financing package, structured within the existing project financing framework.
[Read more…] about Hai Long Project completed a NT$55 Billion Incremental FinancingShinfox Energy delisted in Taiwan
Mismanagement
Once regarded as one of Taiwan’s most promising offshore wind developers, Shinfox Energy was delisted on 23 June after mounting losses from the Taipower Phase 2 offshore wind project caused its net worth to turn negative in the first quarter of 2026.
Losses tied to the project eventually exceeded USD 464 million, highlighting the financial risks associated with large-scale offshore wind developments. In interviews with former senior executives, RECCESSARY examined the company’s key financial decisions and explored what its experience reveals about the evolving challenges facing Taiwan’s offshore wind industry.
The collapse was the result of a combination of financial mismanagement, rising inflation and supply chain disruptions, prompting a re-evaluation of risk management in Taiwan’s offshore wind sector.
MPM subsidiary to charter out two vessels to Siemens Gamesa
Taiwan
PKR Offshore, a subsidiary of Marco Polo Marine (MPM), has signed a framework agreement to lease out two commissioning service operation vessels (CSOVs) to offshore wind turbine manufacturer Siemens Gamesa Renewable Energy.
[Read more…] about MPM subsidiary to charter out two vessels to Siemens GamesaMarco Polo Marine bags long-term Siemens Gamesa CSOV deal
CSOVs
Singapore-based company Marco Polo Marine has signed a multi-year framework agreement with Siemens Gamesa Renewable Energy for the deployment of two commissioning service operation vessels (CSOVs) in the Asia-Pacific region.
[Read more…] about Marco Polo Marine bags long-term Siemens Gamesa CSOV dealTaiwan’s offshore wind capacity ranks 5th globally
Wind Energy
Taiwan ranked fifth globally in installed offshore wind capacity in 2025 and third in new capacity additions, the Energy Administration said Sunday.
[Read more…] about Taiwan’s offshore wind capacity ranks 5th globally