Danish, Asian cos ink MoU for 50-turbine wind farm off Taiwan

Wind turbines. Author: 攝影家9號 - Photographer No.9. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

October 12 (Renewables Now) - Copenhagen Infrastructure Partners P/S (CIP), China Steel Corp (CSC) and Diamond Generating Asia Ltd (DGA) will work together to develop and build a 50-turbine offshore wind farm in Taiwan, it was announced last week.

The companies have singed a memorandum of understanding (MoU) for their collaboration in offshore wind zone 29, west of Changhua County. The project got conditional approval for its environmental impact assessment at the end of September.

Fund management company CIP announced the partnership, agreed through its fund Copenhagen Infrastructure III (CI III), a week ago, without revealing details. Taiwanese media said the project will have about 50 turbines and a capacity of up to 500 MW.  

According to an article in daily newspaper DigiTimes, Mitsubishi Corp’s (TYO:8058) unit DGA is to supply wind turbines for the project, while CSC will produce key elements for the steel foundations. CIP, meanwhile, will be in charge of the financial side, development and project management.

It is not yet clear what stake each partner will get.

On October 6, CIP officially unveiled its office in Taiwan and said that it is currently developing three offshore wind projects in the country, together of up to 1.5 GW. All three are to be located west of Changhua and are in the process of applying for environmental permits, which have to be in place by the end of the year.

CIP Taiwan Chairman Mr Eldrup said at the ceremony that the firm expects to establish a local operation and maintenance (O&M) base for the projects in Changhua.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for seven years now. She's got a soft spot for emerging markets.

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