CIP inaugurates Taiwanese wind farms
Published by Theodore Reed-Martin,
Editorial Assistant
Energy Global,
At a ceremony in Taipei, Taiwan, Copenhagen Infrastructure Partners officially celebrated that it has completed construction of the Changfang-Xidao offshore wind project. With a total capacity of nearly 600 MW, the two offshore wind farms increase Taiwan’s combined offshore capacity by approximately 25% and contribute significantly to its energy transition and ambitious net-zero goals.
Changfang-Xidao has one of the highest degrees of localisation, i.e. use of local suppliers and vendors, in the history of Taiwan’s offshore wind industry. The wind farms are located 11 km off the west coast of Taiwan and consist of 62 Vestas V174 turbines and jacket foundations supplied by Taiwan’s Century Wind Power. When fully operational, Changfang-Xidao will generate enough renewable energy to power around 650 000 local households and will deliver an expected carbon dioxide reduction of 1.1 million tpy.
Changfang-Xidao are CIP’s first offshore wind farms in Asia Pacific, which has developed into a key offshore market. CIP has a significant portfolio of 21 GW offshore wind in the Asia Pacific and is among the frontrunners in the build-out of offshore wind in Korea and Australia, as well as Taiwan.
“In the past seven years, the development and construction team, suppliers, partners, and shareholders have demonstrated the power of close collaboration. Together we have successfully constructed a project that makes a meaningful contribution to Taiwan’s energy transition and that plays a significant role in the establishment of the local offshore wind industry – and will support Taiwan’s long-term offshore wind ambitions,” said Christina Grumstrup Sørensen, Senior Partner at CIP.
Changfang-Xidao is majority owned by CIP’s Flagship funds CI II and CI III. Thailand-based Global Power Synergy Public Company (GPSC) and two Taiwanese life insurance companies, Taiwan Life and Transglobe Life, each own minority stakes. The project was constructed by a highly experienced team led by Copenhagen Offshore Partners, CIP’s exclusive offshore wind development partner, and the local Copenhagen Infrastructure Service Company, the global service provider to CIP.
Since entering Taiwan in 2017, CIP has been committed to offshore wind in the country and has invested significantly in developing Taiwan’s offshore wind projects, supply networks and fostering a strong industry ecosystem. CIP and other partners currently have three offshore wind projects in Taiwan with a combined capacity of approximately 1400 MW: Changfang-Xidao (600 MW), Zhongneng (300 MW), and Fengmiao (500 MW). Zhongneng is owned by CI IV and China Steel Corporation and is under construction with commercial operations expected in 2025. Fengmiao is owned by CI V and is targeting a final investment decision by the end of 2024 and commercial operations in 2027.
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Read the article online at: https://www.energyglobal.com/wind/22052024/cip-inaugurates-taiwanese-wind-farms/?yptr=yahoo
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