Ørsted to focus more on projects in Taiwan and South Korea - EnergyWatch
Published December 17, 2025
Ørsted to Increase Focus on Projects in Taiwan and South Korea
Ørsted, the global leader in offshore wind energy, has announced a strategic pivot towards enhancing its project portfolio in Taiwan and South Korea. This decision aligns with the company's long-term goals to expand its footprint in the Asia-Pacific region, which is emerging as a significant market for renewable energy development.
In a recent statement, Ørsted's management highlighted the potential of the Taiwanese and South Korean markets, citing the growing demand for clean energy solutions and the supportive governmental policies aimed at fostering renewable energy investments. Ørsted’s commitment to these regions signifies a robust response to the increasing energy needs and sustainability goals set forth by both countries.
Market Dynamics in Taiwan
Taiwan has been making substantial strides in its renewable energy sector, with a target to generate 20% of its electricity from renewable sources by 2025. The government has set ambitious goals to phase out nuclear power and reduce reliance on fossil fuels. This transition opens up significant opportunities for offshore wind energy, where Ørsted has already established a presence.
Ørsted's investment in Taiwan is exemplified by its development of the Greater Changhua offshore wind farms. These projects are expected to deliver approximately 2.4 gigawatts (GW) of clean energy, which will significantly contribute to Taiwan's renewable energy targets. The company has already secured contracts and is in the advanced stages of planning and construction, further solidifying its position in the Taiwanese market.
Growth Potential in South Korea
Similarly, South Korea is poised for a renewable energy revolution, with the government aiming to generate 20% of its power from renewables by 2030. The South Korean Green New Deal, part of the country’s broader economic recovery plan, emphasizes the development of offshore wind projects as a cornerstone of its clean energy strategy.
Ørsted has identified South Korea as a key market for its growth strategy. The company is actively exploring various offshore wind projects in the region, aiming to harness the country’s extensive coastline and favorable wind conditions. Ørsted's expertise in offshore wind technology positions it well to capitalize on South Korea's ambitious renewable energy agenda.
Strategic Partnerships and Investments
To facilitate its expansion in these markets, Ørsted is seeking strategic partnerships with local companies and stakeholders. This approach not only enhances the company’s market entry strategy but also fosters collaboration that can drive innovation and efficiency in project development.
In Taiwan, Ørsted has already partnered with local firms to ensure that its projects align with national priorities and community needs. The company is committed to engaging with local communities to create jobs and stimulate economic growth through its renewable energy initiatives.
In South Korea, Ørsted is exploring partnerships that can assist in navigating the regulatory landscape and accessing local expertise. This collaborative approach is expected to enhance project delivery timelines and improve overall project viability.
Environmental and Economic Impact
Ørsted’s increased focus on Taiwan and South Korea is projected to have significant environmental benefits, contributing to the reduction of greenhouse gas emissions and promoting sustainable energy practices in both countries. The offshore wind projects are expected to generate substantial amounts of clean energy, displacing fossil fuel-based power generation.
Economically, these projects are anticipated to create thousands of jobs in construction, maintenance, and operations, providing a boost to local economies. Ørsted’s commitment to sustainability extends beyond energy production; the company aims to implement best practices in environmental stewardship and community engagement throughout the project lifecycle.
Challenges Ahead
Despite the promising outlook, Ørsted faces several challenges as it ramps up its operations in Taiwan and South Korea. Regulatory hurdles, supply chain disruptions, and competition from other renewable energy developers are significant factors that could impact project timelines and costs.
In Taiwan, the rapid pace of development in the offshore wind sector has led to increased competition for resources and contracts. Ørsted will need to navigate this competitive landscape while ensuring that it meets the regulatory requirements set forth by the Taiwanese government.
In South Korea, the company must also contend with a complex regulatory environment and the need for substantial investment in infrastructure to support offshore wind development. Ørsted is actively engaging with government officials and industry stakeholders to address these challenges and ensure the successful execution of its projects.
Future Outlook
Looking ahead, Ørsted remains optimistic about its prospects in Taiwan and South Korea. The company’s strategic focus on these markets underscores its commitment to leading the global transition to renewable energy. By leveraging its expertise in offshore wind technology and fostering local partnerships, Ørsted aims to establish a strong presence in the Asia-Pacific region.
As the demand for clean energy continues to rise, Ørsted is well-positioned to play a pivotal role in shaping the future of renewable energy in Taiwan and South Korea. The company’s ongoing investments and commitment to sustainability will not only contribute to the energy transition in these countries but also set a benchmark for renewable energy development globally.
In conclusion, Ørsted’s strategic shift towards Taiwan and South Korea reflects its dedication to expanding its renewable energy portfolio in key markets. With a focus on collaboration, sustainability, and innovation, Ørsted is poised to make a significant impact in the offshore wind sector, driving the growth of clean energy solutions in the Asia-Pacific region.
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