Ørsted commits to move forward with 900MW offshore wind project in Taiwan

first_imgØrsted commits to move forward with 900MW offshore wind project in Taiwan FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Ørsted A/S made a final investment decision on the about 900-MW Changhua 1 and 2a offshore wind project in Taiwan.The company confirmed its decision April 30. In a news release, it noted the Taiwanese government had approved the Danish offshore wind giant’s local supply chain plan, after which the company signed a power purchase agreement with state-owned Taiwan Power Co. on Jan. 30 at a 6% cut in the feed-in tariff and a new cap on annual full-load hours.“With the Changhua 1 and 2a offshore wind farm, which is the first under the localization rules to take final investment decision, Ørsted will invest significantly in Taiwan’s transition to renewable energy with substantial impact on local job creation and industrial development,” Ørsted Asia-Pacific President Matthias Bausenwein said in the news release.Ørsted in October 2018 selected Siemens Gamesa Renewable Energy SA as the preferred turbine supplier for the wind project, expected to be built between 2021 and 2022. Upon completion, the project will provide power to about 1 million Taiwanese households.The company received the right to build the 920-MW Changhua 2b and 4 offshore wind facility in June 2018. Construction is expected to begin in 2025, subject to the company making a final investment decision on the projects in 2023.The Greater Changhua sites have a total potential capacity of 2,400 MW, of which about 1,800 MW is already set to be built. The remaining 600 MW is available for future auction rounds.More ($): Ørsted commits to 900-MW offshore wind project in Taiwanlast_img

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