Time Lapse

Zelda: Twilight Princess Guide - Time Lapse

Twilight Princess experiences time-lapse in the same way as OoT. An entire day consists of 10 minutes, roughly 4 minutes of night and 6 of day (it isn't even).

This is important as some events (Poes, stores) only occur at night or day.

Every place in Hyrule experiences time-lapse except for caves, dungeons, shops, Kakariko Village, and Ordon Village, or if you have the pause screen up.