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ALE, Giant Taiwan form JV to work on Formosa I Phase II

The Formosa 1 wind farm in Taiwan. Image by: Ørsted A/S (www.orsted.com).

August 21 (Renewables Now) - UK heavylift provider ALE has set up a joint venture with Giant Taiwan to deliver the onshore handling, transportation and storage of turbine foundations for the second phase of the 128-MW Formosa I offshore wind project in Taiwanese waters.

The JV, called ALE – Giant, has been tasked with the transportation of the monopiles for the project from their point of fabrication in Rostock, Germany, and the development of earthquake-resilient storage facilities at the Port of Taichung, Taiwan. It also takes care of the load-in of both monopiles and transition pieces there. The items are now being installed, according to the announcement.

“This is truly a winning combination in which ALE brings its knowledge built up in the offshore wind industry in Europe and Giant complements it with valuable local connections and expertise,” commented Yannick Sel, director of Global Strategic Sales at ALE.

Formosa 1 Phase 2 will consist of 20 units of Siemens Gamesa’s 6-MW turbines. It has a 20-year power purchase agreement (PPA) in place under Taiwan’s feed-in tariff (FiT) scheme.

The investors behind the project are the renewables unit of Swancor Holding Co Ltd, Macquarie Group Ltd (ASX:MQG), Denmark’s Ørsted A/S (CPH:ORSTED) and JERA Co, which is a joint venture between Tokyo Electric Power (TYO:9501) and Chubu Electric Power (TYO:9502).

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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