Orsted is setting up a fund in Taiwan to help build up talent in the local offshore wind industry supply chain.
The Danish energy company has committed NT60m (€1.75m) to the fund, which will be managed by third-parties including Metal Industry Research and Development Center, a company spokesperson said.
Orsted will also invite other offshore wind developers to contribute to the fund, the spokesperson added.
Money will be available for a range of activities including training for welding and certification, the spokesperson said.
The fund will boost the Asian island’s offshore wind workforce, according to Chen Chien-Lung, chairman of the department of industrial engineering and management at Fortune Institute of Technology in Kaohsiung.
Chen said Taiwan lacks experience in the offshore wind industry and so there is a need for additional training in many areas, such as international standards.
He added that the fund is likely to have been set up to help meet local content requirements for offshore wind projects in Taiwan.