Wind Energy – Taiwan
Japan’s biggest power generator JERA plans to sell its stake in a yet-to-be-built offshore wind project in Taiwan, Nikkei reported late on Friday, on concerns about high construction costs and low profitability.
JERA plans to sell its 44% stake in the Formosa 3 project off the central-western coast of Taiwan, with the potential buyer and a selling price yet to be decided, Nikkei said.
According to the report, JERA intends to keep its interest in the Formosa 1 wind power project, launched in 2019, and the nearby Formosa 2 project which is preparing to start operations after the last of its 47 wind turbine generators was installed last month.
