PowerPod

In this episode of PowerPod, host Dan Wiseman is joined by Jordan May to examine the latest UK Budget and its implications for renewable energy goals, with a particular focus on offshore wind.They break down the key energy-related measures, including changes to standing charges and levies, the plan to shift some policy costs from consumer bills towards general taxation, the insistence that renewables should only receive subsidy if they help lower bills, and the announcement of a new energy wealth fund. The discussion explores the uncertainty surrounding how Contracts for Difference will be funded until a new cost control framework arrives in 2027, and why existing projects are largely insulated while future allocation rounds (especially from AR9 onwards) face greater ambiguity.

Dan and Jordan also unpack the wholesale CFD proposal for existing generators, media claims of a government “veto” on projects that fail to cut costs, the likely impact on investor confidence, the relative resilience of fixed-bottom projects compared with floating wind, and the potential longer-term interactions with EU rules on double subsidisation.

在本期PowerPod節目中，主持人James Payne和郭超共同探討了台灣最新的離岸風電招標以及「3.3階段」市場面臨的挑戰。 

來賓分析了台灣大力發展離岸風電的原因：半導體和人工智慧（AI）產業推動的電力需求激增，加上對進口液化天然氣（LNG）的嚴重依賴以及長期奉行的「無核家園」政策，使得離岸風電一度成為台灣的戰略重點。隨後，討論從「3.1階段」和「3.2階段」的補貼和本地化要求模式轉向了「3階段」的模式，即不設本地化要求並尋求長期購電協議。在地化要求、高昂的成本以及簽訂長期企業購電協議（CPPA）的困難，導致專案進度顯著放緩；目前，僅有少數專案處於建設階段或已完成融資和交付。 

James 和 Chao 也分析了「第三階段第三期」的招標結果：只有 Ørsted 和哥本哈根基礎設施基金 (CIP) 提交了投標書，且其投標能力遠低於最初設定的 3.6 吉瓦目標。他們還討論了在歐盟向世貿組織提出質疑後，台灣政府取消強制性本地化要求的舉措，以及透過「ESG評分系統」重新引入本地化激勵措施的做法。節目最後展望了「第三階段第四期」的時間表、漂浮式風電示範計畫草案，並探討了這些進展將如何影響台灣的能源安全以及未來開發商的參與意願。

In this episode of PowerPod, host Dan Wiseman is joined by James Payne and Chao Guo to examine Taiwan’s latest offshore wind auction results and the wider challenges facing the market in Phase 3.3.
They explore why Taiwan has turned to offshore wind so strongly. Surging electricity demand from semiconductors and AI, combined with heavy reliance on imported LNG and a long standing anti-nuclear policy have made the resource a strategic priority. The conversation then turns to the shift from the heavily subsidised Phases 3.1 and 3.2 to the subsidy free Phase 3. Localisation requirements, elevated costs and difficulties securing long-term corporate PPAs have slowed progress sharply, leaving only a handful of projects under construction or at financial close.

Dan, James and Chao break down the Phase 3.3 outcome itself: just two overlapping bids from Ørsted and CIP, well short of the original 3.6 GW target. They also discuss the government’s decision to remove mandatory localisation rules after an EU WTO challenge, only to reintroduce local content incentives through an ESG points system. The episode closes by looking ahead to the accelerated timetable for Phase 3.4, the draft floating wind demonstration programme, and what these developments mean for Taiwan’s energy security and future developer interest.

In this episode of PowerPod, host Dan Wiseman is joined by fellow TGS 4C analyst Jason Benchapongwimon to unpack the key takeaways from the latest Market Overview Report.

They examine why offshore wind has yet to fully recover from 2025’s global economic headwinds and ongoing geopolitical pressures, with developers growing more selective on capital allocation and only offtake auctions showing consistent success. The conversation covers the collective downgrade to the 2040 capacity outlook being driven by technology, infrastructure and supply-chain readiness rather than a single market cut, and why governments’ ambitious targets are struggling to translate into bankable projects without stronger subsidy mechanisms and clearer investment signals.

Dan and Jason also explore FID as a more reliable market health indicator than auction awards, the new foundation analysis showing no structural shortage in monopiles and jackets thanks to turbine scaling, and the competitive pressure between offshore wind, grid investment and other renewables.

In this episode of Offshore Wind Leaders, host Ivar Slengesol speaks with Jérôme Guillet, one of the pioneers of offshore wind project finance and Managing Director of Snow. Drawing on more than 30 years of experience in energy finance, Guillet explains how early offshore wind projects were funded, why cost of capital remains the industry's most important driver, and how financing structures have shaped market development over the past two decades. The conversation also explores the changing role of utilities, the withdrawal of many oil and gas companies from offshore wind, lessons from European auction design, and the outlook for emerging offshore wind markets. Guillet concludes with his perspective on the broader energy transition, emphasizing the growing importance of decentralized energy solutions and smaller market participants

In this episode of Offshore Wind Leaders, host Ivar Slengesol speaks with offshore wind pioneer Huub den Rooijen, whose career spans more than 25 years across Shell, The Crown Estate, and the wider renewable energy sector. The discussion explores the evolution of offshore wind from early demonstration projects in the North Sea to today's large-scale market challenges, emphasizing the importance of data, environmental stewardship, and marine spatial planning. Huub also shares his perspective on floating offshore wind, arguing that governments and industry must collaborate more closely to bridge the gap between ambitious leasing targets and commercially viable technology. Drawing parallels with major European defense and aerospace programs, he calls for a cross-border approach to accelerate floating wind innovation and strengthen long-term energy security.

In this episode of Offshore Wind Leaders, Johan Sandberg, CEO of SeaTwirl, discusses the evolution of floating offshore wind, the challenges facing the industry, and the role of innovation in accelerating deployment. He shares insights from nearly two decades in offshore wind and explains how SeaTwirl’s vertical-axis turbine technology aims to reduce costs and unlock new opportunities for smaller-scale offshore energy projects. The conversation also explores leadership, financing, energy security, and the future of floating wind in an increasingly AI-driven world.

In this episode of PowerPod, host Dan Wiseman is joined by Jamie Berthal-Hooker and Chris Ayres to discuss the role of AI in offshore wind forecasting and market analysis, and what human expertise continues to bring that generative AI cannot fully replicate.

They explore how TGS 4C analysts deliver value through deep market immersion, genuine passion, contextual judgment, and the ability to read between the lines of political announcements, developer statements and media headlines. The conversation covers AI’s strengths in processing large data volumes alongside its limitations in nuance, long-term structural insight and primary source scrutiny, using examples from the US and other markets to illustrate why detective-style human analysis remains essential for credible forecasts beyond official targets.

In this episode of PowerPod, host Dan Wiseman is joined by Jordan May to discuss the UK’s Allocation Round 8 for offshore wind, covering the current process, expected outcomes, pricing dynamics, and broader market challenges.

They break down the status of the round as the qualification window opens, noting strong continuity with the previous auction in parameters and strike price, while highlighting the key change allowing Other Deepwater Offshore projects to compete in the same pot as floating wind. The conversation examines likely technology outcomes, the potential role of minima for floating, expected strike prices remaining similar to last year due to persistent steel, financing and installation costs, and the continued upward pressure from geopolitical factors. Jordan and Dan also explore delivery risks around 2030 targets, non-delivery mechanisms, the rejection of Chinese manufacturing plans on security grounds, European supply-chain constraints, and the near-term focus on the forthcoming budget notice alongside future leasing round developments.

In this episode of PowerPod, host Dan Wiseman is joined by James Payne and Chris Ayres to discuss the EU’s evolving stance on Chinese imported components in offshore wind and its implications for European and Chinese markets.

They break down the EU’s dual approach: a restrained position driven by cybersecurity concerns around semiconductors (where China dominates supply), lessons from past energy dependencies, and new legislation including the Net Zero Industry Act and Cybersecurity Act 2 aimed at building resilience and limiting over-reliance on third countries.

The conversation then examines China’s motivations, including a saturated domestic market with low profit margins, aggressive international expansion efforts, and advantages in cost, scale, and turbine size. James and Chris explore barriers such as the UK rejection of MingYang’s factory plans, varying openness in countries like Spain and Poland, successful deployments in Italy, and the tension between cybersecurity risks, protectionism, and the EU’s ambitious 300 GW offshore wind target by 2050, as well as the likely path of managed integration through strict regulations, local content rules, and developer input to balance energy goals with industrial and security priorities.