Ørsted to Build Two Offshore Wind Farms in Taiwan

Terje Solsvik
Friday, March 31, 2023

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

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

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Yinson Production Nets DNV Approval for New FPSO Hull Design

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

Petronas to Leverage AI to Expedite Oil and Gas Exploration Activities

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

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

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

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

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

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