EnBW has made its first move into international growth markets with the acquisition of a 37.5 per cent stake in three offshore wind power projects in Taiwan.
The German energy company said it would team up with the projects’ existing partners to further their development, initially focussing on securing grid connections.
The three projects have a combined potential capacity of 2000 MW and are part of a growing effort in Taiwan and other Asian markets to develop offshore wind energy capacity. EnBW’s partners in the project are Swancor Renewable and Macquarie Capital.
EnBW says it will take on the majority of the technical project development and has already established a team on site in Taiwan. The move is in line with the firm’s strategy of making renewable energy one of the main pillars of its business, it said.
“Over recent years, EnBW has accumulated valuable know-how in planning, developing, constructing and operating offshore wind farms. With 336 MW in operation, 610 MW in construction and a further 900 MW planned, we are evolving into one of the leading offshore wind developers and operators, said Dirk Güsewell, Head of Generation Portfolio Development at EnBW.
“In moving into project development in Taiwan, we have opened the latest chapter in our offshore wind activities,” added Güsewell. “The expertise that we have built up in the offshore wind sector in the last few years is in demand worldwide, and we want to export it.”
Taiwan holds strong potential for renewable energies, EnBW says. After deciding to phase out nuclear power by 2025, it is aiming to make up for the resulting shortfall by expanding renewable energies and most of all offshore wind power.