A consortium of 20 banks has signed a US$1.6 billion project financing agreement for the 300 MW Zhong Neng I offshore wind farm off the coast of Taiwan.
The project – being developed by a joint venture between Copenhagen Infrastructure Partners (CIP) (49%) and China Steel Corporation (CSC) (51%) – is planned for a site in the Taiwan Strait off Changhua County.
With financial close expected shortly, CSC and CIP will take Zhong Neng through its construction phase. Commercial operation is expected to start in 2025.
Jacket foundations will be supplied by CSC’s subsidiary, Sing Da Marine Structures, while Vestas will supply 31 of its V174-9.6 MW turbines. The project benefits from a 20-year PPA with the state-owned Taiwan Power Company, signed in 2019.
Country updates
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November 08, 2021
Ørsted completes divestment of 50% stake in 605 MW Greater Changhua 1 offshore wind farm
Ørsted has completed the divestment of 50% of the 605 MW Greater Changhua 1 Offshore Wind Farm to global investment group Caisse de dépôt et placement du Québec (CDPQ) and C...
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November 02, 2021
NHOA to build 160 MW/420 MWh battery energy storage system for TCC
NHOA (formerly Engie EPS), majority-owned by Taiwan Cement Corp (TCC), has been selected by TCC to supply technology equipment and build two battery energy storage system projects in Taiwan. Th...
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October 26, 2021
OWC wins technical advisory contract for 1,044-MW Hai Long offshore wind projects in Taiwan Strait
Offshore Wind Consultants Ltd (OWC), a unit of Norwegian energy consultancy Aqualis ASA, has secured the owner's engineer role for the proposed 1,044 MW hail Long offshore wind farm project locat...
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July 20, 2021
CIP divests minority stake in 595 MW Changfang and Xidao (CFXD) offshore wind project off Changhua County
Copenhagen Infrastructure Partners (CIP), on behalf of the funds Copenhagen Infrastructure II K/S (CI-II) and Copenhagen Infrastructure III K/S (CI-III), has entered into an agreement to divest a 25%...
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July 08, 2021
FoundOcean secures foundations job for 1 GW offshore wind project in Taiwanese waters
FoundOcean has secured a contract to provide foundation grouting for a 100-turbine offshore wind project in Taiwan. The contract is expected to create 30 new jobs at the Livingston-based company. Fou...
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