CIP completes sale of interest in Changfang and Xidao wind projects
Danish wind energy developer Copenhagen Infrastructure Partners (CIP) has completed the sale of its 12% interest in its two offshore wind projects in Taiwan to Taiwan Life Insurance Co and Transglobe Life Insurance Co through a joint-venture company.
The Financial Supervisory Commission (FSC) of Taiwan has approved the TWD2.5 billion (US$83.47 million) and TWD1.7 billion (US$56.78 million) investment from Taiwan Life and Transglobe, respectively, for the 12.5% stake of the 48 MW Xidao and the 552 MW Changfang offshore wind projects located off the coast of Changhua County.
CIP will remain the largest shareholder of 87.5% to the two wind farms that have a combined capacity of 600 MW. The projects are expected to be operational by 2024.
Country updates
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January 14, 2020
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December 09, 2019
URE to supply solar panels for the 193 MW solar park in Tainan
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December 04, 2019
Saipem wins two contracts for the offshore wind farms in Scotland and Taiwan
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