Wind energy – Taiwan
The offshore wind project Zhong Neng, a joint venture between Copenhagen Infrastructure Partners and China Steel Corporation, signed a project financing agreement and is expected to reach financial close shortly.
The project is located next to CIP’s offshore wind farm, Changfang and Xidao, which is currently under construction. Zhong Neng received approval of its local content plan in November 2019 from the Taiwan government and is to date the most localised offshore wind project in Taiwan. The project will utilize jacket foundations to be supplied by CSC’s subsidiary, Sing Da Marine Structures, and Vestas will provide 31 174-9.6MW turbines.
“CIP is very pleased to have reached this important project milestone in close collaboration and partnership with our joint venture partner, CSC. We are excited about shortly entering the construction phase of Zhong Neng which will, once commercial operation starts, provide clean energy to approximately 300,000 households in Taiwan. Since CIP, and its international network companies, entered the Taiwan offshore wind market in 2017, we have worked intensively with Taiwanese companies and the government to build up the local supply chain, and we are therefore proud to deliver the project with the highest extent of localization in Taiwan to date together with CSC,” said Michael Hannibal, Partner in CIP.