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Swancor has signed a power purchase agreement (PPA) with Taipower for the Formosa 2 offshore wind farm.
Swancor and TIPC Marine Corporation, part of Taiwan International Ports Corp. (TIPC), have entered a joint venture to develop, construct, operate and maintain offshore wind farms.
Swancor aims to have 520MW of offshore wind installed in Taiwanese waters by 2020 and reach 2.6GW by 2025, according to its latest press release.
Taiwan has issued its first ever commercial operating licence for an offshore wind farm – the 8MW Formosa I Phase I wind farm off the Miaoli County.
Taiwan-based offshore wind developer Swancor Holding plans to secure the funds necessary for the full development of the Formosa I offshore wind projects through financing deals with banks in the second quarter of 2018, according to local media.
Siemens Gamesa’s Offshore CEO Andreas Nauen and Swancor’s Chairman Robert Tsai have signed two agreements in Taiwan: the first one focused on bringing additional local content to Taiwan’s offshore wind industry, followed by a memorandum of understanding (MoU) on the Formosa II offshore wind project.
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa 1 International Investment of Taiwan by DONG Energy, Australia’s Macquarie and Swancor Holding of Taiwan.
Siemens Gamesa Renewable Energy (SGRE) has awarded the first local supply contracts for Ørsted’s Formosa 1 Phase 2 and wpd’s Yunlin offshore wind projects in Taiwan.
London-headquartered law firm Linklaters has advised Denmark’s DONG Energy on its acquisition of a 35 per cent interest in the Taiwanese offshore wind project Formosa I from local developer Swancor Renewable.
Japanese utility JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32.5% equity interest in the Formosa 1 offshore wind power project located off the north-western coast of Taiwan.
Taiwan International Windpower Training Corporation (TIWTC) and Siemens Gamesa Renewable Energy have signed a Letter of Intent (LoI) to collaborate on establishing Global Wind Organization (GWO) training center in Taichung, Taiwan.
After securing the preferred supplier status on projects with a combined capacity of 1.5GW in Taiwan, MHI Vestas Offshore Wind signed a series of Memorandums of Understanding (MoUs) with local companies covering tower and blade manufacturing, as well as the supply of materials for blade production.