Formosan Business Support Co. Ltd. (FBS) provides independent consulting and business support services for Taiwan’s offshore renewable industry energy market. We focus on the management, planning and execution of projects between local Taiwanese and international companies.
Offshore renewable energy is an emerging market in Taiwan and in 2019 the first offshore wind farm project, Formosa One, was successfully commissioned with the potential to provide power to over 128,000 homes.
Prior to Formosa One, there was no existing offshore renewable energy industry in Taiwan. In 2016, the government revised the Renewable Energy Development Act and began actively seeking the expertise of international developers to provide clean energy to Taiwan’s national grid. One of the government’s central goals is to develop a new local industry to implement and support future projects and provide new employment opportunities to its citizens.
Taiwan has perfect conditions on its west coast in the Taiwan Strait for offshore wind energy generation. There are also even greater opportunities on the east coast for tidal power development due to the strong currents found there.
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