DONG Energy invests in offshore wind farm in Taiwan

The new owners of Formosa I are DONG Energy (35%), Macquarie Capital (50%) and Swancor Industries (15%). While DONG Energy offers consulting services, Swancor Renewable will continue to manage the project through location development and construction. Macquarie Capital will work closely with DONG Energy and Swancor Renewable to complete the development and construction of the project.

Formosa I will be the first offshore wind farm in Taiwan, but it won't be the only one for very long. In addition to its commitment to Formosa I, DONG Energy is currently developing four offshore wind projects in the Changhua region. The four projects are expected to have a total capacity of at least 2 GW and are to be built in the years 2021-2024, subject to the environmental impact assessment and the final investment decision.

Matthias Bausenwein, General Manager for DONG Energy Asia-Pacific said: “Offshore wind will be a key component in Taiwan's future energy mix, and Formosa I is an important milestone for a successful deployment of offshore wind in Taiwan. We are happy to contribute to its realization and bring our experience as global market leader to the project. This project will enable DONG Energy to gain fast track development, construction and operational experience in a new market, which we will leverage for further activities in Asia.”