Macquarie’s Green Investment Group (GIG) sells 25% stake in Taiwan's Formosa-1 wind farm
Japan’s Mitsui OSK Lines, Toho Gas, and Hokuriku Electric Power will collectively acquire a stake of 25% in Macquarie Group's Formosa International Investment to enter Taiwan’s offshore wind power business.
Formosa International Investment owns and operates the 128 MW Formosa 1 offshore wind project that is located about 6 km off the west coast of the Miaoli district in Taiwan Strait. The project, consisting of 120 MW Phase 1 and 8 MW Phase 2, has been in operation since 2019. Taiwan Power Company has contracted the energy produced from the plant under a feed-in tariff (FiT) contract.
Formosa I International Investment owns the offshore wind complex through subsidiary Formosa I Wind Power Co Ltd (FWPC). The special purpose company is 35%-owned by Denmark’s Ørsted A/S, Japan’s JERA Co owns a 32.5% stake, and Taiwan’s Swancor Holding Co Ltd owns 7.5%.
Country updates
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December 10, 2021
640 MW Yunlin offshore wind project produces first power
TotalEnergies has started the operation of the first turbine of the Yunlin offshore wind farm project in Taiwan. TotalEnergies joined this project, operated by wpd, with a 23% interest in May 2021 alo...
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December 08, 2021
CIP secures finance for 300 MW Zhong Neng offshore wind farm off Changhua County
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...
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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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