JERA Joins Taiwan, UK Offshore Wind Projects

Laxman Pai
Wednesday, January 2, 2019

Japanese energy group JERA joined  in the Formosa 1 offshore wind power project in Taiwan and Gunfleet Sands offshore wind power project in the U.K.

JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32.5% equity interest in the Formosa 1 offshore wind power project, located off the north-western coast of Taiwan. The transaction remains subject to regulatory approvals.

The 128MW Formosa 1 project represents Taiwan’s first utility-scale offshore wind farm. The first phase of 8MW has been successfully operated for over 18 months, with the additional 120MW under construction expected to start operations in late 2019. The project has secured the support of Taiwan Power Company under a 20-year Power Purchase Agreement based on the FIT (Feed in Tariff) scheme.

To date, Macquarie Capital, Swancor and Ørsted have used their knowhow and experience in Europe and Taiwan to develop the project. Macquarie Capital and Swancor will continue as shareholders, and the four shareholders together will focus on achieving to start operations of the first offshore wind farm in Taiwan by the end of 2019.

JERA has also agreed to acquire a 24.95 percent equity interest from Marubeni Corporation in the Gunfleet Sands Offshore Wind Farm project off the coast of the United Kingdom.

The Gunfleet Sands project has 172.8MW of installed capacity, and is located off the coast of Essex County, the southeastern part of the U.K. It consists of 48 fixed-bottom offshore wind power generators and began operations in April 2010.

Ørsted A/S is a partner in the Gunfleet Sands project and is the global market leader in offshore wind power, holding the world’s largest market share. JERA will work together with Ørsted, as well as the Development Bank of Japan which already participates in the project.

Categories: Wind Power Offshore Energy Renewable Energy Offshore Wind Energy Europe Asia Renewables

Related Stories

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Floating Offshore Wind Test Center Planned for Japan

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Sapura Energy Rebrands to Vantris Energy

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Fugro Expands Geotechnical Testing Capabilities in Indonesia

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

Current News

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

Yinson Production Nets DNV Approval for New FPSO Hull Design

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com