Offshore staff
COPENHAGEN, Denmark —Copenhagen Infrastructure Partners (CIP) has been allocated 500-600 MW of capacity in the first round of the Taiwan’s Round 3 Zonal Development offshore wind auction.
The Copenhagen Infrastructure IV (CI IV) fund's Fengmiao offshore wind project, located ~35 km off the coast of Taichung City in the Western part of Taiwan, was awarded 500-600 MW capacity for grid connection in 2027. Final capacity is subject to government announcement expected later in the month.
CIP expects to start construction works on Fengmiao in 2025 and the project to start operations in 2027.
CIP said it will now accelerate its efforts to finalize the procurement and offtake arrangements to support its final investment decision.
CIP entered Taiwan’s offshore wind market in 2017, and Fengmiao is CIP’s third offshore wind project in Taiwan. In April 2018, CIP was awarded ~900 MW capacity across two projects, which are under construction: the 595-MW Changfang and Xidao offshore wind farm and the 298-MW Zhong Neng offshore wind farm, the latter a joint venture between CI IV and China Steel Corp.
CIP Partner Thomas Wibe Poulsen said, “Since entering Taiwan, we have worked alongside the Taiwanese government and local companies to develop and mature the local supply chains, and we remain faithful that the Taiwan government will soon announce an administrative contract, which properly addresses the complexity and encourages the execution and on-time delivery of Round 3 projects."
12.14.2022
