Taiwan eyes 10GW in offshore wind as Ørsted opens Formosa 1

By Marcus Lawrence
Danish power giant Ørsted, has opened its first Asia Pacific project, Formosa 1, as the country’s govern...

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.

SEE ALSO:

"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. 

Share
Share

Featured Articles

Who is Greg Joiner, the new Head of Shell Energy?

Joiner will be formally be appointed as Shell Energy’s EVP on 1 April following a reshuffle of the division's top team

Watershed Workshop at Sustainability LIVE: Net Zero

Hosted on Day 1 of Sustainability LIVE: Net Zero, Watershed’s session was overflowing with ideas that apply to supply chain decarbonisation

Capgemini Invent Workshop at Sustainability LIVE: Net Zero

Explore how Capgemini Invent's workshop on Day 1 of Sustainability LIVE: Net Zero delved into climate adaptation & social sustainability for futureproofing

Energy Highlights from Sustainability LIVE: Net Zero

Sustainability

Sustainability LIVE: Leading ESG and Net Zero

Sustainability

International Women’s Day: Women in Energy with Julia Souder

Renewable Energy