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CIP buys sites off Taiwan for 1.5 GW of wind power

Wind turbines at sea. Author: CGP Grey. License: Creative Commons, Attribution 2.0 Generic.

May 11 (Renewables Now) - Danish fund manager Copenhagen Infrastructure Partners K/S (CIP) said on Thursday it has acquired three offshore wind development sites in Taiwan with a total capacity of up to 1,500 MW.

Up until now, the development of these sites has been implemented by Fuhai Wind Farm Corporation and from now on CIP and its local partner Taiwan Generations Corporation (TGC) will take that responsibility, the Danish company said. CIP added that it has signed a memorandum of understanding (MoU) with local firm China Shipbuilding Corporation (CSBC) regarding supply and installation services for the projects.

The three sites are all located off the Changhua coast in the Taiwan Strait. They are in the process of applying for the required environmental permits. A final investment decision is pending.

Taiwan has a goal of building 3,000 MW of offshore wind farms by 2025 and to phase out nuclear power by that same year.

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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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