Taiwan to Become New Offshore Wind Powerhouse

Wind Industry Profile of

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