Today marks an important milestone for Ørsted as the company celebrates the inauguration of the Formosa 1 offshore wind farm in Taiwan, the first offshore wind farm built by Ørsted in Asia-Pacific. In the past three years, Ørsted has worked closely with joint venture partners, secured NTD 18.7 billion in wind energy project finance and constructed the offshore wind farm on time.
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The
Formosa 1 offshore wind farm is a joint venture between Ørsted (35%),
JERA (32.5%), Macquarie Capital (25%) and Swancor (7.5%). Located approx
two to six kilometres off the coast of Miaoli County, Formosa 1 has two
phases: Two Siemens Gamesa 4 MW wind turbines were installed in October
2016 for the first phase and officially commissioned in April 2017. The
second phase, completed in October 2019, includes 20 Siemens Gamesa 6MW
wind turbines. The total power generation capacity for Formosa 1 is
128MW, which can supply 128,000 households in Taiwan.
Martin Neubert, CEO, Ørsted Offshore, says:
“Ørsted
built the world’s first offshore wind farm in Denmark over 28 years
ago. Since then, Ørsted has constructed more than 25 offshore wind
farms. We’re proud to inaugurate the very first commercial-scale
offshore wind farm in Taiwan and the Asia-Pacific region. We’re glad
that Ørsted can contribute to Taiwan’s energy transition, which is also a
significant step for Ørsted in realizing our vision to create a world
that runs entirely on green energy.”
Matthias Bausenwein, President of Ørsted Asia-Pacific and Chairman of Formosa 1, says:
“Today
is a historic moment for all who participated in the Formosa 1 project.
All the intensive efforts invested together with our joint venture
partners, local authorities, financial institutions and stakeholders
have flourished. Formosa 1 marks the first milestone for Ørsted’s
expansion in Asia-Pacific. With this successful first step, we’re
confident that Ørsted will continue to lead the growth of offshore wind
in Asia.”
Beyond Formosa 1, Ørsted remains strongly committed to
the green energy transition in Taiwan and is currently constructing the
900MW Greater Changhua 1&2a project with expected commissioning in
2022. Furthermore, Ørsted has been awarded an additional 920MW for the
Greater Changhua 2b&4 project, which, subject to final investment
decision, is expected to be completed in 2025.
Formosa 1 milestones
January 2017: Ørsted signed the joint venture partnership agreement
with Swancor and Macquarie Capital, acquiring 35% of Formosa 1 project.
April 2018: Ørsted made final investment decision on Formosa 1 project.
June 2018: Financial close achieved for Formosa 1 with NTD 18.7 billion in project financing from local and foreign banks.
June 2018: Phase 2 onshore construction started.
May 2019: Phase 2 offshore construction started.
October 2019: Completion of Formosa 1 phase 2 construction.