Volume 29 Number 3, 2024

Ukraine – Taiwan Offshore Wind Joint Venture
Promising Cooperation for Achieving Energy Independence

Glib Ivanov
Department of Engineering Science and Ocean Engineering, National Taiwan University, Taiwan
f10525106@ntu.edu.tw
 

ABSTRACT

An Offshore Wind joint venture between Ukraine and Taiwan is proposed to exchange Ukrainian welding experience for Taiwan’s offshore wind technology, notably floating. The first Black Sea offshore wind farm is envisioned as the first economic driver of the project, with the production of the later joint fixed and floating offshore wind turbine foundations envisioned. The dangers and benefits of this project from technical and board socio-political aspects were analysed using the SPEED framework. The analysis indicates that leveraging Ukrainian welding expertise could significantly enhance Taiwan's offshore wind capacity, leading to potential economic and technological gains for both countries. As Ukraine and Taiwan governments search for possible post-war cooperation directions, this paper provides a promising idea in Offshore Wind. The goal is to support the establishment of friendly relations between Taiwan and Ukraine.

JEL Classification: L640, J230

Keywords: balance of plant (BoP), corporate power purchase agreement (CPPA), exclusive economic zone (EEZ), feed-in-tariff (FIT), offshore wind turbine (OWT), floating offshore wind turbine (FOWT), levelized cost of energy (LCOE)

Cite this article: 

Ivanov, G., 2024, Ukraine – Taiwan Offshore Wind Joint Venture Promising Cooperation for Achieving Energy Independence, International Journal of Business, 29(3), 005. https://doi.org/10.55802/IJB.029(3).005