Taiwan’s Ministry of Economic Affairs has awarded 1,664 MW offshore wind capacity to two developers. Ørsted has won 920 MW capacity to be developed off the coast of Changhua, and Toronto-based Northland Power, in partnership with Yushan Energy, has been awarded 744 MW, which is split between two proposed offshore wind farms.
Energy Finance & Investment News in Taiwan
Macquarie Group, Ørsted and Swancor have secured TWD18.7 billion (US$626.1 million) project financing for the second phase of the Formosa 1 offshore wind project, Taiwan’s first commercial scale offshore wind farm, located off the coast of the Miaoli district of the country.
This week the results of Taiwan's latest offshore wind auction have emerged. A total capacity of 3.5 GW was available for allocation to developers. The process was extremely competitive, with projects submitted having a total generation capacity of more than 10 GW. The official results have not been published, however the majority of the capacity allocations are known thanks to announcements by the successful bidders.
Three Taiwan-based solar cell developers have announced a merger that will become the largest-ever deal of its kind in Taiwanese solar industry.
Taiwan-based PV cell and module manufacturer Motech Industries plans to set up 400MW of solar power stations in Pingtung County in southern Taiwan. The projects are scheduled to be deployed in coastal areas in the next three years.
Equis Energy, Asia‐Pacific renewable energy IPP, has been awarded a contract by Taiwan’s Ministry of Economic Affairs’ Bureau of Energy (BOE) to develop a 70.2 MW solar project in Chiayi County’s Yizhu Township.
Copenhagen Infrastructure Partners (CIP) through the funds Copenhagen Infrastructure II K/S (CI II) and Copenhagen Infrastructure III K/S (CI III) has acquired 3 offshore wind sites under development in Taiwan.
DONG Energy has signed an agreement to acquire a 35% ownership interest in the Taiwanese offshore wind project Formosa I from local developer Swancor Renewable.
DONG Energy inaugurated its office in Taipei (Taiwan) and shared its ambition to develop four offshore wind farms in the Changhua area.
Neo Solar Power Corporation (NSP) has announced that it will join hands with Cathay Life Insurance to co-invest a new company to enlarge Taiwan Solar System Project investment.
Partners Group to invest over US$200 M as majority shareholder in development of Taiwanese solar power platform
Partners Group, the global private markets investment manager, has agreed to invest over US$200 million as the controlling shareholder in a Taiwanese solar power development platform.
Gintech Energy Corporation, a global firm in the photovoltaic (PV) industry, has entered into a syndicated loan agreement for a total of TWD4.2 billion (US$125 million) to support its existing debt repayments and raw material procurement.