YouDe Offshore Wind

Located off Changhua / Yunlin coast, Taiwan Strait. Shinfox is a Taiwanese IPP. One of five Round 3.2 winning projects.

Status
Early Developmentlifecycle stage
ProspectiveHafrok completion outlook
Ownership
SHShinfox Energy — 100% ◇
Location
Taiwan
Taiwan Strait
Technology
Capacity 700 MW ◇
Turbines —
Foundation —
Site & conditions
Site rights Seabed rights held ∴
Origination Taiwan Round 3 Zonal Development — Block 3.2 (區塊開發 3-2) · 2024 ·
Water depth 52–63 m ≈ Wind speed 11.4 m/s @ 150 m ≈
Revenue & grid
Offtake —
Grid —
Schedule
FID Not taken
COD · announced 2029 ◇
COD · Hafrok 2034 expected

Delivery outlook modelled by Hafrok · calibrated on delivered projects

2034
expected year of commercial operation
The developer says 2029; Hafrok expects 2034 — 5 years later.
Chance of delivery
≈60% estimated chance this project reaches commercial operation
Early Development projects complete ≈61% of the time on Hafrok's record. A secured offtake contract lifts this one slightly; its size and technical complexity pull a little the other way.
COD outlook
If it completes, when — Hafrok’s probability by year (teal)
20%40%60%80%100% 2033: 14.2% (conditional on completion) 2034: 30.5% (conditional on completion) 2035: 24.0% (conditional on completion) 2036: 14.4% (conditional on completion) 2037: 8.0% (conditional on completion) 2038: 4.4% (conditional on completion) 2039: 2.4% (conditional on completion) 2040: 1.3% (conditional on completion) 2041: 0.8% (conditional on completion)2026now2028202920302032203430%EXPECTED203620382040 Developer-announced COD: 2029 ANNOUNCED 2029
COD probability by year, conditional on completion
YearProbability
203314.2%
2034 (expected)30.5%
203524.0%
203614.4%
20378.0%
20384.4%
20392.4%
20401.3%
20410.8%
How Hafrok got this date
1
No dated milestone yet
Nothing is consented or financed with a date, so the estimate starts from today (2026), adds the time similar projects (in established offshore-wind markets) took from consent to operation, plus an allowance for obtaining consent.
2
Earliest credible date
Typical consent-to-operation time plus allowances means commercial operation before 2034 is not credible.
3
Result
Expected commercial operation 2034, likely range 2034–2042 (the middle half of outcomes for similar projects). With no milestone to build from, the earliest credible date is the estimate, with a deliberately wide range.
4
Year-by-year chart
The bars spread that estimate across years using how similar projects actually slipped against their dates — more often late than early, which is why the bars lean right.
5
Chance of delivery — separate from timing
Start from the share of Early Development projects that went on to complete — ≈61%, measured on Hafrok's record of delivered and abandoned projects, with an allowance held back where that record cannot yet speak (projects still unresolved, changed market conditions). About three in four early-stage projects with a final outcome went on to operate — a record from an easier era. Most of today's early pipeline is still unresolved, so the estimate discounts it. Then adjust for this project's own evidence — offtake, market, size, technical complexity — to ≈60%, which rates it Prospective on Hafrok's four-step delivery scale (Delivering · Expected · Prospective · Fragile).

Project timeline & ownership verified milestones on the spine · ownership from Hafrok’s transactions record

2025’26’27’28’29’30’31’32’33’34Developer-announced COD: 2029 announced COD 2029Taiwan Round 3 Zonal Development — Block 3.2 (區塊開發 3-2) — awarded to Shinfox EnergyTaiwan Round 3 Zonal Development — Block 3.2 (區塊開發 3-2) Aug 2024 · auction recordCommercial operation 2034 ·Hafrok expectedTaiwan Round 3 Zonal Development — Block 3.2 (區塊開發 3-2) — awarded to Shinfox Energy 2024-08 ORIGINATIONTODAYShinfox Energy — 100% today · operator Shinfox Energy Shinfox Energy 100%Taiwan Round 3 Zonal Development — Block 3.2 (區塊開發 3-2) — awarded to Shinfox Energy
Dashed tick marks today (13 Oct 2026). The ▲ below the spine is the developer-announced COD. The teal diamond on the spine is origination — the seabed award or round that created the project. Every other ownership event lives in the band below: one station per recorded deal, dated at its label, in deal order rather than to calendar scale. Secondary trades appear only at the interchanges; grey lines are parties whose entry or exit Hafrok’s record does not hold.

Revenue & offtake route to market — open

No offtake secured — route to market open

Round 3.2 zero-FIT CPPA (no signed agreement confirmed as of 2026-06-15) ◇

The routes describe what exists in this market — not a prediction of which the project will take. Timing math for the auction gate lives in the delivery outlook above.
Next visible round · from the auction calendar
Taiwan Round 3 Zonal Development — Block 3.3 (區塊開發 3-3) ◇
expected H2 2026 · scheduled · the round’s published documents do not name this project
Applications opened 1 April 2026 and closed 30 September 2026 (MOEA release of that day); the ministry says it will complete selection and announce the capacity allocation before the end of 2026 (今(2026)年底前完成選商作業及公告容量分配結果).

Installation how the build is going · from sourced statements and Hafrok’s registers

Installation not started
Installation · on record
StageEarly Development
Offshore constructionnot started
Expected start of operation2029

Sources & verification

Rests on 10 sources · ◆ 3 documents held
◆Verified≈Modelled◇Sourced∴Inferred⌁Convention○Unverified∅No source·Derived
Numbers are stable citation ids — grouped by source class, so they are not consecutive.
Auction pipeline1
[14]
offshoreWIND.biz2026-03◆ tw-zonal33-owbiz-2026
Press report — cited, not quoted; read it at the source link.
supportsTaiwan Round 3 Zonal Development — Block 3.3 (區塊開發 3-3)
Trade press7
[2]
Riviera Maritime Media2024-08◆ Orsted misses out as Taiwan unveils Roun…
Press report — cited, not quoted; read it at the source link.
supportsCommercial operationTotal capacityDetailOfftake history
[3]
offshoreWIND.biz2025-05-13◆ All Round 3.2 Offshore Wind Contracts Su…
Press report — cited, not quoted; read it at the source link.
supportsConsent
[6]
LSPR2024
supportsTotal capacity
[7]
GEM2026
supportsCoordinates
[8]
GEBCO Compilation Group2020
supportsWater depth
[9]
DTU Wind Energy / World Bank (Global Wind Atlas)2026
supportsMean wind speed
[10]
Liberty Times Net - Finance2026-08-24
Press report — cited, not quoted; read it at the source link.
supportsTotal capacity
Unverified import1
[1]
unknown
Press report — cited, not quoted; read it at the source link.
supportsTotal capacityWater depthCoordinates
Encyclopaedic1
[5]
Wikipedia2024
supportsoperator