Taiwan-based Teras Marine Services has teamed up with engineering consultancy K2 Management for designing offshore transformer stations and undersea cables as well as providing management services for an offshore wind farm being developed by state-run Taiwan Power Company (Taipower).
Teras Marine is a joint venture established in October 2020 by Taiwan-based industrial PC maker iBASE Gaming and Singapore-based Teras Offshore, with iBASE holding a 52.8 stake and company chairman Ben Liao assuming the chairmanship.
In view of Taiwan’s ongoing efforts to develop offshore wind, K2M set up a branch in Taiwan in 2013.
Taipower has signed a general EPC contract and a 5-year operation and maintenance contract with Foxwell Energy, a member of the Foxlink Group of which connector maker Cheng Uei Precision Industry is the flagship, and Teras Marine and K2M are Foxwell’s subcontractors.
With installation capacity of 300MW, the offshore wind farm is off the west coast of Changhua County, central Taiwan and is scheduled for completion in 2025