Macquarie’s Green Investment Group (GIG) has achieved financial close for Taiwan’s Formosa 2 offshore wind farm.
Formosa 2 has been jointly developed by Macquarie Capital (75%) and Swancor Renewable Energy (25%). GIG will now play a key role in delivering the project through its construction phase. The 376 MW offshore wind project located off the coast of Miaoli will utilise 47 market-leading 8 MW turbines. Once complete, it is estimated to displace 18,750 kt CO2 over its lifetime while powering the equivalent of 380,000 households annually.
Total funding for the project of NT$62.4 billion (US$43 billion), is financed by a consortium of 20 international and local Taiwanese financial institutions.
Country updates
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October 30, 2019
Siemens Gamesa to install 376 MW Formosa 2 offshore wind project off the coast of Miaoli County
Siemens Gamesa has received a firm order from partners Macquarie’s Green Investment Group and Swancor Renewable Energy for the construction of the 376 MW Formosa 2 offshore wind farm project in...
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October 28, 2019
CSBC, DEME to construct 1,044 MW Hai Long offshore wind complex in Taiwan Strait
The Hai Long Offshore Wind (OFW) Project signed Balance of Plant (BOP) Preferred Supplier Agreement (PSA) with local company CSBC DEME Wind Engineering (CDWE). The Hai Long Project consists of Northl...
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October 18, 2019
Final wind turbine installed at Formosa 1 in Taiwan
Formosa 1 has announced the complete installation of all 20 wind turbines for phase 2 of the project. Formosa 1 is the first commercial-scale offshore wind farm in Taiwan and will be able to...
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October 11, 2019
JERA to acquire 49% stake of 376 MW Formosa II offshore wind project in Taiwan
JERA Co., Inc. (JERA) has entered into an agreement with Macquarie Capital (Macquarie) to acquire an equity interest in an additional offshore wind power project in Taiwan. JERA will be acquiring...
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October 04, 2019
Vena Energy starts the commercial operations at 70 MW Mingus solar PV farm in Taiwan
Vena Energy has announced that the 70 MW Mingus solar project is fully operational. The project features 195,000 photovoltaic modules that span an area approximately 79.5-hectres, nestled in salt plai...
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