Alternative Fuels

Singaporean companies compete for Taiwan’s offshore wind market

Singapore-based offshore and marine companies are competing for billions of dollars in contracts from Taiwan’s offshore wind market
By Staff reporter 18 July 2018 0 31797

Singapore-based offshore and marine companies are competing for billions of dollars in contracts from Taiwan’s offshore wind market, the second-fastest growing in the world after China, Singaporean newspaper The Business Times reported on Wednesday.

Taiwan is considered more attractive than China because it is more open to imports of foreign technology and expertise, which its nascent domestic sector lacks.