Taiwan Plans Huge Investments in Wind Energy

Image: GeoSeaImage: GeoSea
Together, GeoSea and CSBC will form a Taiwanese JV that will undertake transportation and installation of foundations and wind turbines required for new wind farms in the country.

Official Press Release GeoSea:

GeoSea signs Cooperation Agreement with CSBC Corporation to develop offshore wind energy in Taiwan

GeoSea has signed a Cooperation Agreement for the Taiwanese offshore wind market with CSBC Corporation, Taiwan's largest shipyard.

The Taiwanese Government have set out an ambitious agenda to reduce the island's dependency on nuclear and fossil fuels and, instead, tap into the island's rich offshore wind resources.  A target of minimum 3 GW of offshore wind capacity to be installed in the Taiwan Strait has been set for 2025. Bolstered by Taiwan's stable legal framework and favorable investment conditions, a diverse group of major international developers have submitted proposals that could bring the total installed offshore wind capacity to 12 GW or higher in the decade to come. Together, GeoSea and CSBC will now form a Taiwanese Joint... ... More: Official Press Release GeoSea

GeoSea, Taiwan, CSBC Corporation, port, shipyard

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