With support from the Bureau of Energy under the Ministry of Economic Affairs (MOEA) and the British Office in Taipei, Industrial Technology Research Institute (ITRI) and the UK's Offshore Renewable Energy Catapult (ORE Catapult) on July 6 signed the Memorandum of Understanding on the cooperation of offshore wind generation. This paves the way for an innovation program focusing on offshore wind operation and maintenance technology that is based on the related experience of the UK, which has the highest installed offshore wind power capacity in the world. Technical exchanges will strengthen R&D capacities, while contributing to the improvement of Taiwan's offshore wind generation ecosystem.
According to the energy industry research organization Wood Mackenzie, the global offshore wind generation operation and maintenance market will reach US$13.9 billion in 2028, with Taiwan's market valued at US$1.07 billion. In addition to the joint creation of an Innovation Programme, the memorandum will enable the establishment of a joint working group to focus on wind turbines, submarine cable equipment, and power facilities. It will also introduce innovative AI and big data technologies to promote offshore wind generation operation and maintenance to become more automated, digitalized, and smart, consequently reducing energy costs. It is hoped that the introduction of related technology will help establish the vibrant development of this industry.