MHI Vestas Picks Swancor Blade Materials in Taiwan

MHI Vestas has signed a conditional contract with Swancor for the supply of blade materials for offshore wind projects in Taiwan.

The scope of the contract covers more than 50% of the direct materials value of blade manufacturing, including carbon tow and pultrusion, resin, and bonding glue, MHI Vestas said.

The agreement also includes the possibility to export the supply of blade materials to MHI Vestas globally.

“Signing this agreement with Swancor underlines our strong commitment to the Taiwan offshore wind market and the buildup of a sustainable supply chain,” said Lars Bondo Krogsgaard, MHI Vestas Co-CEO. “

“With local production of blade materials now confirmed, with the potential for global supply, we will continue to advance our localisation agenda to ensure that we are ready to deliver on our first projects in the market.”

To support the deal, Swancor said it is planning a new joint venture and a partnership with Formosa Plastics Corporation is being considered.

“Swancor is also evaluating a joint venture agreement with Formosa Plastics Corporation to establish a carbon fibre material production base in Taiwan,” said Robert Tsai, Chairman from Swancor Holding.

“The joint venture looks to become the first hub in Asia to provide wind turbine blade materials for MHI Vestas globally, and it’s all being done early to achieve the government’s goal of offshore wind power localization and to expand employment opportunities.”