MHI Vestas and Copenhagen Infrastructure Partners (CIP) have finalized the commercial agreements for the Changfang and Xidao offshore wind projects in Taiwan.
Changfang and Xidao will have a joint installed capacity of approximately 589MW on completion, comprising a total of 62 MHI Vestas V174-9.5MW turbines.
The orders represent MHI Vestas’ first projects in the Asia Pacific region to reach financial close, which was completed late last week.
“As our first firm orders in Asia Pacific, Changfang and Xidao are landmark contracts for our business and for our market position in Taiwan,” said MHI Vestas CSO, Henrik Jensen.
“We are enormously grateful for the collaboration with CIP and look forward to bringing our trusted V174-9.5 MW, an IEC T classified turbine, along with local, green energy jobs to the people of Taiwan.”
The projects will be split out over several phases. Changfang Phase 1 will comprise 10 turbines for an installed capacity of 95MW and will be installed in 2022.
Changfang Phase 2, comprising 47 turbines with an installed capacity of 446.5MW, and Xidao, comprising 5 turbines with an installed capacity of 47.5MW, will be installed in 2023.
Ahead of the project, MHI Vestas and CIP collaborated on a comprehensive local supply chain ramp-up. Once complete, the full localization scope promises to create up to 5,300 jobs and NT$ 9.2 billion (circa EUR 264 million) in economic value for Taiwan in localized components alone, which does not include installation, commissioning, and operation and maintenance for the lifetime of the turbines.