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JERA Energy withdraws from Formosa 3

Monday, February 13 2023

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.

Related posts:

  1. JERA will not withdraw from Taiwan Offshore Wind Market
  2. EnBW AG, JERA, Macquarie’s Green Investment Group join forces to develop Formosa 3
  3. MMA Crystal converted to support offshore wind market
  4. TSS Pioneer delivered in Vietnam

Filed Under: Formosa 3, International News, Jera, Taiwan Tagged With: Formosa 3, Jera, stake, taiwan


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