Chu Tin Demonstration Project is a 100MW offshore wind power project. It is planned in Taiwan Strait, Hsinchu, Taiwan. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2026.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 100 | – | 100 | Announced | Hsinchu, Taiwan | CSBC Corp Taiwan; Flotation Energy |
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Description
The project is being developed by CSBC Corp Taiwan and Flotation Energy. The project is currently owned by Flotation Energy.
The project cost is expected to be around $464.6m. The turbines will be mounted on floating type foundations.
Development Status
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2026.
About CSBC Corp Taiwan
CSBC Corp Taiwan (CSBC) is a ship building company that offers construction of commercial, governmental, naval and special ships. The company offers bulk carrier, cement carrier, container ships, oil drilling rig, product carrier, reefer vessel, tankers, tug boat, naval ships, ship repair, industrial business and offshore engineering services. It also offers ship repair and offshore wind turnkey services. CSBC offers offshore engineering services which include installation and maintenance of offshore wind Met Mast. The company operates shipyards located in Keelung and Kaohsiung. It has operations in Taiwan and Hong Kong. CSBC is headquartered in Kaohsiung, Taiwan.
About Flotation Energy
Flotation Energy PLC (Flotation Energy) specializes in the development of new offshore wind projects. The company is headquartered in the UK.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
