Tag: taiwan

CIP wins 500-600 MW offshore wind auction in Taiwan

Copenhagen Infrastructure Partners (Cip), a Danish investment company, has received 500 MW-600 MW of capacity in the first round of Taiwan’s Round III Zonal Development offshore wind auction. The capacity was given to CIP’s Fengmiao offshore wind project, which will be connected to the country’s energy grid in 2027. The offshore facility, which will be CIP’s third project in Taiwan, is situated 35 km offshore of Taichung City.

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Vena Energy to launch offshore wind projects in Taiwan

In order to participate in Taiwan’s Phase III Offshore Wind Zonal Development auction, Singapore-based energy company Vena Energy intends to start two offshore wind projects with a total capacity of 1.8 GW. The Wei-Na wind project will be outside Changhua County, while the Wei-Long wind project will be situated offshore from Miaoli County.

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Northland Power receives CPPA for offshore wind project in Taiwan

For its offshore wind farm in Taiwan, Canadian energy company Northland Power has entered into a corporate power purchase agreement (CPPA) with an investment-grade counterparty. In accordance with the 20-year CPPA, the buyer will receive all of the clean energy produced by the Hai Long 2B and 3 projects. The two projects will start operating in late 2026 and have a combined capacity of 744 MW.

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Streamlined policies required for continued solar power growth in Vietnam and Taiwan

Following a spectacular 2020, resulting in 11.9 GW of added solar capacity and catapulting the country into the top 3 solar markets globally, the PV sector in Vietnam saw a dramatic collapse in 2021. Taiwan reached the GW level for the first time in 2019, adding 1.41 GW, which is equal to an annual growth of 45% and results in a total cumulative capacity above 4 GW. On the cumulative side, Taiwan had 7.7 GW of solar PV installation at the end of 2021, 12% short of its target.

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Lightsource BP to build aquaculture PV plant in Taiwan

Lightsource BP has partnered with Green Rock Energy on the development of a 150 MW solar-aquaculture project in Taiwan. The Budai project will be one of the largest fishery solar farms in Taiwan, creating 750 employment opportunities during construction, which is expected to commence in June 2023. The project will produce 210,000 MWh of electricity per year, enough to power around 43,000 homes.

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Vestas wins 295 MW wind turbine supply contract in Taiwan

Vestas, a Danish wind turbine manufacturer, has been awarded a 295 MW order for the Zhong Neng offshore wind project in Changhua County, Taiwan. China Steel Corporation (CSC) and Copenhagen Infrastructure Partners are working together on the project (CIP). It will have 31 Vestas V174-9.5 MW turbines with the capacity to power 300,000 Taiwanese households each year.

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Powin to deliver 5.8 Gwh of storage capacity over the next two years

Powin, a US-based energy company, has agreed to deliver 5.8 GWh of battery energy storage systems (BESS) over the next two years under framework agreements with four firms. The firm will provide BESS solutions to a number of projects in the US and Taiwan. The majority of these deals will rely on its Centipede battery storage infrastructure, which can accommodate more than 200 MWhac per acre.

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wpd to sell 1 GW wind power to Taiwanese company

German wind and solar developer wpd has signed a corporate power purchase agreement (CPPA) with a Taiwanese company for over 1 GW of wind capacity, with over 500 MW expected to come from onshore wind. A direct purchase cooperation agreement has been signed by wpd Dade Energy Group with the said corporate procurer for projects with a capacity of up to 1.2 GW.

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Strong Upside Risks For Renewables Growth In Taiwan Following Referendum

Taiwan’s wind and solar power capacity will continue to grow in the coming decade, with favourable referendum results for a nuclear phase-out and a liquified natural gas (LNG) terminal relocation to pose a further upside risk. Taiwan has set in place a pipeline of solar and wind power projects, signifying the government’s commitment to their renewable power targets.

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Taiwan Offshore Wind Farm Projects: Updates to Guide Investors and Financiers through the Legal and Regulatory Framework

In recent years, the Taiwanese Government set aggressive renewable energy targets, with a particular focus on the development of its offshore wind power capabilities. This exciting new market presents great opportunities for foreign investors as well as local electricity market players. At the same time, it highlights the need for a local legal and regulatory framework in Taiwan that will foster the development of the market in an effective and efficient manner. This Jones Day White Paper updates an earlier similar paper (published in February 2018) with the latest on the current legal and regulatory framework for offshore wind farm projects in Taiwan.

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Wärtsilä to supply 5.2 MW energy for Taiwan

Wärtsilä, a technology firm, will deliver a 5.2 MW energy storage system to provide frequency management in the ancillary service market for the Taiwanese grid as Taiwan strives to attain 20 per cent renewable energy by 2025. Shangfa Construction received the order in August 2021 and will construct the energy storage facility on behalf of North-Star International Co., Ltd.

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Taiwan drafts plan for an additional 5 GW of offshore wind

Taiwans Bureau of Energy (BoE) and Industrial Development Bureau (IDB) been working on a draft regulation for the third round of offshore wind auctions. This will also include a new target for 2035. Taiwan is on the path to connect 5.5 GW of new offshore wind capacity by 2025 and more capacity will be tendered by the government through the Round 3 auctions for commissioning by 2035.

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Total acquires stake in 640 MW offshore wind project in Taiwan

Total has signed an agreement with wpd to acquire a 23 per cent interest in Yunlin Holding GmbH. The latter owns the 640 MW Yunlin offshore wind farm, which is currently under construction around 200 km southwest of Taipei, off the coast of Taiwan. For this acquisition, Total will pay to wpd a consideration based on its share of past costs.

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Canadian pension fund invests $1 billion in Taiwanese offshore wind plant

Caisse de dépôt et placement du Québec, a Canadian pension fund is investing $1-billion in a Taiwanese offshore wind project in its latest of a string of renewable-energy acquisitions. The Qubéc-based fund will acquire a 50 per cent stake in the Greater Changhua 1 Offshore Wind Farm developed by Ørsted. The acquired project has a total installed capacity of 605 MW and is valued at $3.4 billion.

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Danish fund eyes Asia in €4 billion green energy push

The project will see CIP adopting investments across a range of climate-conscious technologies, such as: contracted offshore wind, onshore wind, solar PV, transmission, storage, and waste-to-energy in low-risk Organisation for Economic Co-operation and Development (OECD) countries in the Northern Hemisphere, as well as developed countries in Asia and Australia.

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