AMP Capital has completed a US$145 million mezzanine debt investment with Stonepeak Infrastructure Partners to support the acquisition of one of Taiwan’s leading offshore wind farm developers, Swancor Renewable Energy Co., Ltd. The investment will support the construction of a new 376-megawatt (MW) offshore wind farm called Formosa II.
Formosa II is considered a priority project for the region and will be one of Taiwan’s largest offshore wind farms when construction is completed, which is currently expected to be in 2021.
The energy produced from the asset is contracted to the state-owned Taiwan Power Company for 20 years under a fixed-price power purchase agreement.
The offshore development will be located in the Taiwan Strait off the coast of Miaoli County, western Taiwan. The facility features 47 units of the SG8.0-167 DD offshore wind turbine. It is estimated to displace 18,750 kt CO2 over its lifetime while powering the equivalent of 380,000 households annually.
Country updates
-
-
April 24, 2020
Chenya Energy secures TWD7.2bn financing for 180 MW floating solar project in Changhua Coastal Industrial Park
Chenya Energy Co Ltd has secured about TWD7.2 billion (US$239.3 million) financing for the development of a 180 MW floating solar project in the Changhua Coastal Industrial Park. The fund was se...
Read more -
April 24, 2020
CTCI awarded contract to install pin piles for two Offshore Wind Farm in Changhua County
CTCI has been awarded the "Changfang and Xidao (CFXD) Offshore Wind Farm Pin Pile (PP) Supply Agreement” with Copenhagen Infrastructure Partners CIP) for the development of the two offshore wi...
Read more -
April 22, 2020
I Squared Capital completes sale Chenya Energy to Marubeni Corporation
I Squared Capital, through its ISQ Global Infrastructure Fund I, has completed the sale of Chenya Energy to Marubeni Corporation. Chenya Energy is a dedicated solar development, construction, and ope...
Read more -
April 21, 2020
EGCO Group closes acquisition of 25% stake in 640 MW Yunlin offshore wind farm project
Electricity Generating Public Company Limited (EGCO Group) has completed the acquisition transaction of a 25% ownership interest in Yunlin Holding GmbH which owns the 640 MW Yunlin offshore wind farm...
Read more -
April 20, 2020
Ørsted signs 15-year vessel contract for the Greater Changhua 1 an 2 offshore wind project
Ørsted has announced the signing of a 15-year vessel contract with Ta San Shang Marine Co. Ltd., a joint venture of Ta Tong Marine Group (TTM) and Mitsui O.S.K. Lines (MOL), chartering the ship...
Read more
