innogy has partnered with Asia Cement Corporation to continue the development of a major offshore wind project off the coast of Taiwan. The two companies have agreed a strategic partnership to further develop the Chu Feng offshore wind project, which intends to participate in the next grid allocation round in Taiwan. With a planned installed capacity of up to 448 megawatt (MW), it will be located off the northwest coast of Taiwan near Hsinchu City, in the wind-rich Taiwan Strait.
innogy opened a local office in Taipei in 2018 to drive its business in Taiwan and the wider Asia-Pacific region with a target to build up regional knowledge and expertise by joining forces with local partners. The partnership for the Chu Feng offshore wind project is a perfect strategic fit for innogy and another milestone in capturing value accretive growth options in the field of offshore wind.
Sven Utermöhlen, Senior Vice President Renewables Operations Offshore at innogy SE, explained: “The government has plans to considerably increase the role of offshore wind energy in Taiwan’s electricity production. The Chu Feng project will enable us to enter this growing market with a strong local partner at our side, whose local expertise complements our global experience and technical know-how, and who share our ambition to drive the growth of offshore wind in Taiwan.”
Henry Wu, the CEO of the Chu Feng Preparatory Office, stated: “We are pleased that innogy, with their extensive offshore wind experience, are on board with us in the development of the Chu Feng offshore wind project. The Far Eastern Group is committed to develop green energy to reduce our carbon footprint and support the government in meeting its renewable energy targets, and have ambitions to grow our wind power business 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.
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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.
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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 moreVan 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.
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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.
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