JERA Co acquires 43.75% stake in 2 GW offshore wind project in Taiwan
JERA Co., Inc., Macquarie’s Green Investment Group (GIG) and EnBW Energie Baden-Württemberg AG (EnBW) have reached an agreement on the development of the 2 GW Formosa 3 offshore wind project in Taiwan. JERA now holds 43.75% of the project, with both GIG (31.25%) and EnBW (25%) retaining material stakes.
Formosa 3 is an offshore wind project in Changhua county off the central-western coast of Taiwan. It is comprised of three separate sites, with a total potential capacity of 2 GW. GIG and EnBW have been developing the project to date and intend to pursue capacity in Taiwan’s next round of grid allocations, expected in 2020. Formosa 3 achieved its Environmental Impact Assessment approval in 2018.
JERA’s entry into Formosa 3 further extends its productive relationship with GIG formed in Taiwan through their partnerships on the Formosa 1 and Formosa 2 offshore wind projects. Both projects have reached major milestones recently, with the completion of Formosa 1 - Taiwan’s first commercial-scale offshore wind farm - and the commencement of construction on Formosa 2.
Together, JERA, GIG, and EnBW are to build a partnership that will develop Formosa 3 according to international best practices whilst supporting effective localization and further advancing Taiwan’s green energy ambitions.
Country news
-
-
February 24, 2020
CIP reaches FC on 589 MW offshore wind in Taiwan
Copenhagen Infrastructure Partners (CIP) through its funds Copenhagen Infrastructure II (CI II) and Copenhagen Infrastructure III (CI III) has reached financial close on the 589 MW offshore wind project Changfang and Xidao off the coast of Changhua County, Taiwan.
Read more -
November 13, 2019
UKEF providing support to offshore wind farm in Taiwan
UK Export Finance (UKEF), the UK’s export credit agency, has announced its support for UK businesses supplying a large-scale wind farm off the coast of Taiwan. UKEF will provide TWD 9.2 billion of (USD 302 million) project finance guarantee for the construction of 376 MW offshore wind farm in the Taiwan Strait.
Read more -
September 23, 2019
Van Oord to work on 900 MW offshore wind project in Taiwan
Van Oord has been awarded the contract by Ørsted for the cable installation works at the Greater Changhua 1 & 2a offshore wind farms. The wind farms are located between 35 and 60 kilometres off the west coast of Changhua County, Taiwan. Greater Changhua 1 & 2a offshore wind farms will supply sustainable energy to approximately 1 million households per year.
Read more -
August 27, 2019
Heerema lands wind contract for 900 MW Greater Changhua 1 and 2a in Taiwan
The contract for Heerema is for the Greater Changhua 1 and 2a. The projects are offshore wind facilities with a total power output of 900 MW. The contract scope entails the transport and installation of one hundred eleven turbine foundations as well as the installation of two large offshore substations, essential components of offshore wind farms that run electricity to the mainland.
Read more -
June 25, 2019
Technology provider for 640 MW offshore wind plant in Taiwan
Following its selection as a preferred supplier in May 2018, Siemens Gamesa Renewable Energy (SGRE) has received the firm order by wpd offshore to supply the 640 MW Yunlin offshore wind power plant in Taiwan.
Read more
