Taiwan eyes 10GW in offshore wind as Ørsted opens Formosa 1
Danish power giant Ørsted, has opened its first Asia Pacific project, Formosa 1, as the country’s government fields plans to add another 10GW in offshore capacity by 2035.
Along with joint venture (JV) partners Macquarie Capital (25% stake), an Australian investment bank, Taiwanese chemical company Swancor (7.5%), and Japanese electricity JV, JERA (32.5%), Ørsted (35%) secured NT$18.7bn to finance the project and complete its construction within the proposed time frame.
The Formosa 1 project is based 6km off the west coast of Taiwan and holds a power generation capacity of 128MW, capable of powering 128,00 Taiwanese households.
Ørsted is also constructing the 900MW Changhua 1&2a project in the Taiwan strait, with operations due to begin in 2022. The firm will also develop the 920MW Greater Changhua 2b&b project which is expected to go live in 2025 pending investment confirmations.
"Ørsted built the world's first offshore wind farm in Denmark over 28 years ago. Since then, Ørsted has constructed more than 25 offshore wind farms,” said Martin Neubert, CEO of Ørsted Offshore, in the company’s press release.
“We're proud to inaugurate the very first commercial-scale offshore wind farm in Taiwan and the Asia-Pacific region. We're glad that Ørsted can contribute to Taiwan's energy transition, which is also a significant step for Ørsted in realizing our vision to create a world that runs entirely on green energy."
The Taiwanese government, already set to install 5.7GW of offshore wind capacity by 2025, announced at the Formosa 1 inauguration that it will seek to add an additional 1GW in capacity every year between 2026 and 2035, according to offshoreWIND.biz. The country is reportedly planning to scrap nuclear power generation by 2025.
All but two UK regions failing on school energy efficiency
Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.
Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.
According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.
Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.
“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."
He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."
North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).
The Department for Education has issued 13 tips for reducing energy and water use in schools.