Orsted says it is to move ahead with development of two offshore wind farms in Taiwan after taking a final investment decision (FID) on the projects.
The Danish offshore wind giant says that the decision was made following approval of its local supply chain plan by its board of directors, and the signing of a power purchase agreements (PPAs) for the two projects – Changhua 1 and 2a – with Taipower.
The projects will add 900 MW to Taiwan’s grid and will be located 35-50 km off the coast of Changhua county. They will be built in 2021 and 2022, Orsted said.
“Over the last couple of months, we have been working intensively to obtain establishment permit, renegotiate contracts, get our supply chain plan approved and sign the power purchase agreement,” said Martin Neubert, Executive Vice President and CEO of Offshore at Ørsted.
“Thanks to a close and strong collaboration with our supply chain partners, Taipower and decision-makers in Taiwan, we have achieved all these milestones and can now take the final investment decision on this landmark project, which will be Taiwan’s largest offshore wind farm and demonstrate offshore wind’s potential to decarbonize energy systems in Taiwan and the Asia-Pacific region.”
Orsted has also been awarded the rights to build another 920 MW of offshore wind in Taiwan at the Changhua 2b and 4 sites.
These projects will be built in 2025, subject to an FID by Orsted in 2023.