Posted by: Windfair Editors
Taiwan to Become New Offshore Wind Powerhouse
Official Press Release GlobalData:
Orsted’s commissioning of Formosa I marks a milestone for Taiwan’s entry into offshore league
Danish power company Orsted has officially inaugurated Taiwan’s first commercial offshore windfarm, Formosa 1.
The 128 megawatt (MW) plant is a joint venture (JV) project of Orsted (35%), JERA (32.5%), Macquarie Capital (25%) and Swancor (7.5%). It is the first offshore wind project in the Asia-Pacific (APAC) region for Orsted, which has worked with its partners to secure NT$18.7bn ($612m) to build the windfarm, says GlobalData, a leading data and analytics company. Harminder Singh, Director of Power at GlobalData, commented: “Taiwan is being much talked about as an investment destination for offshore wind. A good number of the world's biggest international players are attracted by the island's strong winds, shallow coastline and stable regulatory... ... More: Official Press Release GlobalData
- Keywords:
- Ørsted, Orsted, Denmark, Taiwan, offshore, market, wpd, Formosa 1, pipeline, wind farm, commissioning, development, auction, investment, APAC