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Tepco Welcomes Orsted to Japan as Taiwan’s Offshore Wind Opportunity Fades

Tokyo Electric Power Company, Japan’s largest utility, is wooing Ørsted to its shores, as the leading Danish offshore wind developer ponders its future in Taiwan.
Tepco and Ørsted signed a memorandum of understanding last month, while the developer weighed up whether to go ahead with 900 megawatts of offshore wind capacity in a wind farm off Taiwan’s Changhua County. The future of the project was thrown in doubt when the Taiwanese government slashed its feed-in tariff by 6 percent.
Henrik Poulsen, Ørsted’s chief executive, told the Financial Times that his board would make a final decision on the Changhua project in the second quarter of