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 49% equity interest of the project with support from Development Bank of Japan Inc. and will play a key role as a major shareholder. Completion of the transaction is subject to regulatory approvals.
The 376 MW Formosa 2 project, located off the coast of Miaoli County, is preparing to commence construction from this October to install 47 wind turbines, with the expectation to reach commercial operation by the end of 2021. After JERA becomes the scheme’s majority shareholder, Macquarie will hold a 26% stake, while its partner Swancor Renewable Energy Co will own 25%.
The project has secured the support of Taiwan Power Company under a 20-year Power Purchase Agreement based on the FIT (Feed in Tariff) scheme.
Country updates
-
-
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...
Read more -
September 24, 2019
Taiwan approves wpd investment in Yunlin offshore wind project
The Investment Commission of Taiwan has approved the planned investment by wpd for the development of 640 MW Yunlin offshore wind project. The project consists of 80 wind turbines with an...
Read more -
September 23, 2019
Van Oord to work on 900 MW offshore wind project in Taiwan
Van 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...
Read more -
September 23, 2019
Tekmar to supply cables for 109 MW Changhua wind project off the coast of Taiwan
Jan De Nul Group has selected the patented Tekmar Cable Protection System (CPS) TekLink® Mechanical Latch for the Changhua offshore wind farm in Taiwan. Changhua is the second wind farm to be ins...
Read more -
September 18, 2019
Formosa 1 offshore wind project - Phase II generates first power in Taiwan
The second phase of Formosa 1, Taiwan’s soon-to-be first commercial-scale offshore wind farm has produced its first power. The second phase of Formosa 1 consists of 20 Siemens Gamesa 6MW...
Read more
