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 Activity Offshore Wind

Related Stories

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

Eco Wave Finds Partner for Wave Energy Project in India

Kazakhstan Looks to Improve Oil Production Agreements Terms

China's CNOOC Aims for Record Oil and Gas Production in 2025

EnQuest to Acquire Harbour Energy's Vietnamese Assets

Yinson Production Scoops $1B Investment to Upscale FPSO Business

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

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