Chungnan is a 477.6MW offshore wind power project. It is planned in Taiwan Strait, Changhua County, Taiwan. The project is currently in permitting stage. It will be developed in multiple phases. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 477.6 | – | 477.6 | Permitting | Changhua County, Taiwan | China Steel; Diamond Generating Asia; Zhongneng Power Generation |
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Description
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The project is being developed by China Steel, Diamond Generating Asia and Zhongneng Power Generation. China Steel, Copenhagen Infrastructure IV KS, Copenhagen Infrastructure Partners KS and Diamond Generating Asia are currently owning the project. The project will be spread over an area of 89.9km².
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
Power Purchase Agreement
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By GlobalDataThe power generated from the Chungnan (Chungnan Phase I) will be sold to Taiwan Power under a power purchase agreement. The power will be sold at the rate of $0.204kWh for a period of 20 years. The capacity to be procured is 300MW.
Contractors Involved
Chungnan (Chungnan Phase I) will be equipped with Vestas Offshore Wind 174-9.6 MW turbines. The phase consists of 31 turbines with 9.6MW nameplate capacity.
Vestas Offshore Wind is expected to perform operations and maintenance for the Chungnan (Chungnan Phase I).
Chin Fong Machine Industrial and CS Wind are expected to supply towers for the project.
About China Steel
China Steel Corp (CSC) is a manufacturer of steel products. Its portfolio of products includes plates, steel bars, wire rods, electrical steel coils, Ti/Ni-base alloy, hot-dip galvanized coils, electro galvanized coils, hot rolled coils and sheets, titanium alloy and laminated products. It also provides a range of mechanical, communications, electrical engineering and technical services. The company markets its products for ships, bridges, containers, automobiles, steel structures, hardware fittings, computers, furniture, home appliances, motors and transformers markets. It also carries out R&D activities for developing new products. The company has market presence in several countries in Asia-Pacific, Europe and North America. CSC is headquartered in Hsiao Kang, Kaohsiung, Taiwan.
About Diamond Generating Asia
Diamond Generating Asia Limited, a subsidiary of Mitsubishi Corporation, is a power company that is engaged in generating electricity. The company is a private-sector power generation businesses in Southeast Asia and Taiwan. It is based in Central, Hong Kong.
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.
