Ørsted to Build Two Offshore Wind Farms in Taiwan

Terje Solsvik
Friday, March 31, 2023
©chungking/AdobeStock

Ørsted has made a final investment decision to go ahead with its planned 920 megawatt (MW) Greater Changhua 2b and 4 offshore wind farms in Taiwan with expected completion by the end of 2025, the Danish energy group said on Friday. 

Ørsted was awarded the project in June 2018 in Taiwan's first competitive price-based auction, and secured long-term revenues in a corporate power purchase agreement in July 2020 with Taiwan Semiconductor Manufacturing Company Limited. 

The offshore wind farms are expected to begin onshore construction in 2023 with the fabrication of components in 2023-2024. 

The projects will be funded by Ørsted's capital as well as debt from the domestic Taiwanese market, backed by an Orsted parent company guarantee. 

The company did not say how much it would invest in the wind farms. 

(Reuters - Reporting by Terje Solsvik, editing by Louise Rasmussen)

Categories: Energy Renewable Energy Offshore Wind Activity

Related Stories

Navantia Seanergies Delivers Second Substation Jacket for French OW Farm

Navantia Seanergies Delivers Second Substation Jacket for French OW Farm

Equinor, Polenergia Reach Financial Close for Polish Offshore Wind Farms

Equinor, Polenergia Reach Financial Close for Polish Offshore Wind Farms

Geoquip Marine Wraps Up Surveys for German Offshore Wind Projects

Geoquip Marine Wraps Up Surveys for German Offshore Wind Projects

Current News

Gibdock Wraps Up Refurbishment of TechnipFMC's Deepwater Pipelayer

Portuguese Firm Bags $280M for Maintenance Work on Petrobras' Platforms

Galp Targets 40% Oil Production Boost in Brazil with New Field

Eni Starts Talks with GIP for Carbon Capture Unit Stake Sale

Subscribe for OE Digital E‑News

Offshore Engineer Magazine