Ørsted takes FID for 900-MW Changhua wind projects off Taiwan

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

April 30 (Renewables Now) - Denmark’s Ørsted A/S (CPH:ORSTED) today said it has taken a final investment decision (FID) on the Greater Changhua 1 and 2a offshore wind projects totalling 900 MW.

The Danish offshore wind major intends to build the plants off Taiwan’s Changhua County in 2021 and 2022. A power purchase agreement (PPA) with domestic utility Taipower was signed at the end of January. Approvals by the Taiwanese government for the supply chain plan related to the projects are also in place, Ørsted said.

Once operational, the two wind farms will be able to generate enough electricity for around 1 million homes.

Matthias Bausenwein, president of Ørsted Asia-Pacific, said initial onshore works will commence next month.

“With the Changhua 1 and 2a offshore wind farm, which is the first under the localisation rules to take final investment decision, Ørsted will invest significantly in Taiwan’s transition to renewable energy with substantial impact on local job creation and industrial development,” Bausenwein added.

The Danish company won in an auction last June 920 MW of additional offshore wind capacity from the Changhua sites with a bid of TWD 2,548 (USD 82.46/EUR 73.58) per MWh.

(TWD 10 = USD 0.324/EUR 0.289)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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