Teco Electric, CSMC Form Offshore Wind Joint Venture
On May 13, Taiwanese company Teco Electric and Machinery and China Steel Machinery (CSMC) have signed an agreement to set up a joint venture dedicated to offshore wind energy.
The primary task of the joint venture is to use TECO’s wind power generating technology and CSMC’s steel construction expertise to develop its own brand of domestic offshore wind turbine based on the European mature offshore wind turbine technology. In the future, the companies plan to actively expand to East Asia and North America.
The companies expect to have installed the first 5MW experimental wind turbines later this year.
Offshore WIND Staff; Image: Taiwan Excellence (TECO’s 2MW PMSG wind turbine.)