Synera Renewable Energy Group (SRE) has increased its stake in the Formosa 2 offshore wind farm by 26%, gaining a majority controlling interest of 51%.
Formosa 2 is the first project to achieve commercial operations in Taiwan’s second phase of offshore wind development.
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SRE’s decision to exercise its right of first refusal to acquire an additional 26% stake in Formosa 2 reflects a long-term investment strategy focused on stability and growth rather than short-term gains.
This move also aims to ensure that the asset’s pricing aligns with its fair market value, promoting a stable environment for the offshore wind industry in Taiwan.
SRE chairperson Lucas Lin said: “SRE’s acquisition of an additional stake coincides with the second anniversary of Formosa 2’s commercial operation. The increased ownership allows us to further enhance the wind farm’s performance and governance, and to ensure a stable supply of clean energy that supports Taiwan’s export-oriented industries and strengthens confidence in the long-term, healthy development of the offshore wind sector.”
“Backed by the strong foundation, momentum and team developed over the past 12 years in Taiwan, we have and will continue to accelerate the deployment of offshore wind power.”
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By GlobalDataWith a robust portfolio in renewable energy, Synera Renewable Energy holds interests in two operational offshore wind farms, Formosa 1 and Formosa 2, and is actively developing Formosa 4 and Formosa 6.
The group’s 495MW Formosa 4 project reached a key milestone by securing an establishment permit from Taiwan’s Energy Administration in November last year.
Formosa 4, located off Miaoli County’s coast, is the first project from the first round of auctions for Phase 3 Zonal Development of Offshore Wind to receive a letter of consent from the local government, a key step towards obtaining the final establishment permit.
