JERA Participates in Offshore Wind Power in Taiwan

JERA Co., Inc. has entered into an agreement with Macquarie Capital to acquire an equity interest in an additional offshore wind power project in Taiwan. Completion of the transaction is subject to regulatory approvals.

This transaction follows on from JERA’s participation in the Formosa 1 offshore wind project announced in December 2018, and it represents an important deepening of the relationship between JERA and Macquarie. The 376MW 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. The project has secured the support of Taiwan Power Company under a 20-year Power Purchase Agreement based on the FIT... ... More: Official Press Release JERA

Keywords:

JERA, Macquarie Capital, Taiwan, offshore, wind power, wind farm, Formosa, interest, equity, participation