Offshore wind

Inauguration Ceremony for Taiwan’s First Commercial Scale Offshore Wind Farm

12 November 2019

The inauguration ceremony for Taiwan’s first commercial scale offshore wind farm – Formosa 1 – was held today at Longfeng Fishing Harbor in Miaoli.

Following the final installation of 20 turbines in October 2019, commercialization is expected at the end of year, symbolizing the project’s completion. Formosa 1’s inauguration is an important milestone in the realization of Taiwan’s commitment to deliver 5.7 GW of offshore wind capacity by 2025, and a further demonstration of its commitment towards green energy.

Formosa 1 Offshore Wind Farm is a joint venture between Orsted, JERA, Macquarie’s Green Investment Group and Swancor. The 128 MW project will produce enough clean energy to power the equivalent of 128,000 Taiwanese households. Formosa 1 was developed in two phases. The first phase, consisting of two 4 MW turbines, reached completion in October 2016. Phase two, completed in October 2019, saw the installation of 20 turbines totaling 120 MW.

Green energy is becoming the engine driving economic development across Asia and Taiwan is playing a central role in the region’s burgeoning renewables industry. The successful completion of Formosa 1 demonstrates Taiwan’s competitiveness and ability to deliver world-class offshore wind developments.

 

"We are delighted to deliver the first commercial scale offshore wind farm in Taiwan, helping to launch an important new industry and sustainable power service for the Taiwanese community. Our Taipei based development team have been working hard over the past two years to complete this project safely and on time.

Formosa 1 is a significant milestone in Taiwan’s journey to becoming the offshore wind powerhouse of Asia. GIG is excited to be a part of its green energy story and we look forward to continuing to support Taiwan’s transition to a greener economy."

Mark Dooley
Global Head of Macquarie’s Green Investment Group 

 

"Today is a historic moment for all who participated in the Formosa 1 project. All the intensive efforts we invested together with our joint venture partners, local authorities, financial institutions and stakeholders have finally flourished. Formosa 1 marks a major milestone for Taiwan and for Ørsted in Asia. It is a great honor to see our vision of a world that runs entirely on green energy being gradually realized in Asia."

Matthias Bausenwein
Formosa 1 Chairman and the President of Ørsted Asia Pacific

 

"First, I would like to express my sincere gratitude to all related officials of Taiwanese Government, local relevant parties and citizens, developer partners, lenders, construction contractors and all relevant parties of Formosa 1 Offshore Wind Farm. This significant milestone cannot be achieved without your dedication. Together with other partners JERA will ensures Formosa I run safely and reliably to contribute to the development of offshore wind farm in Taiwan."

Koichi Tamura
Chairman of JERA Energy Taiwan

 

"Swancor first entered the Taiwan offshore wind industry in 2010 and we are proud to announce that we have successfully delivered the first offshore wind farm, Formosa 1, to Taiwan. This not only sets a major milestone for the offshore wind policy of the Government, but also demonstrates the ability of Taiwanese enterprises of developing commercial-scale offshore wind farm.

During the five months of construction, the Formosa 1 project team had encountered and overcome challenges, and eventually completed the construction of the wind farm. Swancor, as the initiator of Formosa 1, has also committed to localization by providing resin for the fabrication of blades of Formosa 1 wind turbines. Today, we are delighted to announce that the construction of Formosa 1 was now completed and this is a milestone for the 5.7GW of offshore wind capacity by 2025."

Robert Tsai
Chairman of Swancor Holding 

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About Formosa I

Formosa 1 project, a joint venture of Ørsted (35%), JERA (32.5%), Macquarie’s Green Investment Group (25%) and Swancor Holdings (7.5%). The Formosa I team has gathered the professional advantageous and resources of the shareholders to drive the completion of the first offshore demonstration wind farm in Taiwan by 2019.

About Ørsted

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, bioenergy plants and provides energy products to its customers. Headquartered in Denmark, Ørsted employs 6,500 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2018, the group’s revenue was DKK 76.9 billion (EUR 10.3 billion). For more information on Ørsted, visit orsted.com or follow us on FacebookLinkedInInstagram and Twitter.

About JERA Co., Inc.

Established in 2015, JERA Co., Inc. is a joint venture between TEPCO Fuel & Power and Chubu Electric Power. By succeeding and combining the strengths of TEPCO and Chubu, JERA aims to provide cutting edge solutions to the world's energy issues: Japan's Energy for A New Era. The total net power generation capacity owned by JERA is 75GW.Here in Taiwan, JERA has cooperated with Taiwan enterprises to operate Chang Bin, Fong Der, and Star Buck 3 IPP thermal power generation plants to contribute to the stable power generation. Besides, JERA also endeavors to promote clean energy. JERA joins Formosa I Offshore Wind Project, the first commercial scale offshore wind farm in Taiwan. In January 2019, JERA Energy Taiwan Co., Ltd. is established to support ongoing development.

About Swancor Holding

Swancor Holding (TWSE: 3708) is a leading manufacturer of fine chemical and composite material. Swancor Holding is committed to producing materials for renewable energy, including the environmental friendly corrosion resistant resin, material for wind turbine blade and carbon fiber composite which are cutting-edge products in Taiwan and China’s market. Formosa Plastic Group (TWSE: 1301) and Goldwind Science & Technology Co., Ltd (HKSE: 2208) are strategic partners of Swancor Holding in related field.