Scott Hsu, Head of Taiwan and the Philippines at K2 Management, provides insights into the development of the offshore wind industry in both regions.

As the project director for Formosa 1 - the first offshore wind project in Taiwan - Scott has witnessed the industry’s evolution from its inception.

He discusses recent developments in Taiwan, including the shift to Corporate PPAs, the relaxation of localization requirements, and the challenges the sector has faced in recent years. Additionally, he highlights the rapid growth of the offshore wind industry in the Philippines, where numerous developers are actively investing in the sector.