Taiwanese insurer Cathay Life Insurance has secured the status of preferred bidder for the acquisition of a 50% stake in the 583-MW Greater Changhua 4 offshore wind project off the coast of Taiwan from Danish energy major Ørsted A/S (<a href="https://www.nasdaqomxnordic.com/shares/microsite?Instrument=CSE122544" target="_blank">CPH:ORSTED</a>).