Author: Nuying Huang, Adam Hwang
Swancor Renewable Energy and Australia-based partner Macquarie Capital have signed with Germany-based energy developer Energie Baden-Wurttemberg AG (EnBW) to jointly develop three offshore wind farms west of Changhua County, central Taiwan, with planned total installation capacity of 2,000MW.
The three wind farm projects passed environment impact assessment by Environmental Protection Administration earlier this month.
Swancor and Macquarie are main shareholders of Formosa III, a SPV (special purpose vehicle) for developing the three offshore wind farms, and EnBW will take a 37.5% take. However, EnBW’s investment still needs approval from the EU and Taiwan’s Ministry of Economic Affairs.
According to EnBW power business development director Dirk Gusewell, EnBW has much experience in planning, operating and maintaining offshore wind turbines. It has completed development of offshore wind farms totaling 336MW, and is developing others totaling 610MW with plans for another 900MW.
Swancor and Macquarie have been jointly building an offshore wind farm totaling 128MW – Formosa I – on the Taiwan Strait for over three years, with 8MW in the first phase having started commercial operation in 2017, and development of 120MW in the second phase to begin in 2019, company chairman and CEO Robert Tsai indicated.
Swancor’s experience, Macquarie’s financial resources and EnBW’s technical capability will combine to facilitate the three new projects, Tsai noted.