EnBW takes stake in 2 GW of Taiwanese offshore wind projects

Offshore wind. Source: Natural Environment Research Council (NERC).

February 12 (Renewables Now) - EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has acquired a stake of 37.5% in three offshore wind projects in Taiwan with a combined capacity of about 2 GW, the German utility announced today.  

EnBW is partnering on the development of the three projects with Taiwanese project developer Swancor Renewable, a subsidiary of Swancor Holding Co Ltd (TPE:3708), and Macquarie Capital, a unit of Australian investment bank Macquarie Group Ltd (ASX:MQG). The initial objective of the partners is to secure grid capacity for the three projects. Taiwan targets 5.5 GW of offshore wind power capacity by 2025 and plans to allocate the needed grid connection capacity in the first half of 2018.

According to the announcement, EnBW will be responsible for the majority of the technical project development of the three projects, located in Taiwan's Changhua region, and the German company has already provided personnel on site.

The move marks EnBW's first venture into international offshore wind markets outside of Europe. "The expertise that we have built up in the offshore wind sector in the last few years is in demand worldwide, and we want to export it," said Dirk Guesewell, EnBW’s head of generation portfolio development at EnBW. "That is why we are also directing our sights at new international offshore wind markets that offer growth opportunities and an attractive economic environment, so that in a first step we can start by developing selected projects ready for construction," Guesewell added.

The deal is subject to the approval of the Cartel Authority in charge, EnBW said.

On Friday, Danish offshore wind developer Ørsted A/S (CPH:ORSTED) announced that Taiwan's Environmental Protection Administration has approved the Environmental Impact Assessment (EIA) of its four offshore wind projects with a total expected capacity of 2.4 GW in the country.

Turbine manufacturer Siemens Gamesa Renewable Energy SA (BME:SGRE), meanwhile, is looking at setting up an offshore wind hub at Taiwan's Taichung Harbor and has recently signed two memoranda of understanding to that end.

More stories to explore
Share this story
About the author
Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription