CIP in 1.5GW Offshore Wind Push in Taiwan

Danish fund management company Copenhagen Infrastructure Partners (CIP) has acquired three offshore wind sites under development in Taiwan with a combined capacity of 1,500MW. 

The three sites are all located off the Changhua coast in the Taiwan Strait and have been developed up to now by Fuhai Wind Farm Corporation.

As part of the acquisition of the projects, CIP has entered into a Memorandum of Understanding with the Taiwanese company China Shipbuilding Corporation (CSBC) regarding supply and installation services.

Further development of the sites will be undertaken by CIP in collaboration with local partner Taiwan Generations Corporation (TGC).

The three projects are in the process of applying for the required environmental permits and are still subject to a final investment decision.

The government in Taiwan has set a target of 3,000MW of offshore wind to be constructed by 2025 and decided that nuclear power will be phased out by 2025, CIP said.