Formosa 4 Offshore Wind Project is a 4,400MW offshore wind power project. It is planned in South China Sea, Taiwan. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2025.
Wind Power Market seeing increased risk and disruption
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 4,400 | – | 4,400 | Announced | Taiwan | J&V Energy Technology; Swancor Renewable Energy; Tien Li Offshore Wind Technology; Yeong Guan Energy Technology Group |
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Description
The project is being developed by J&V Energy Technology, Swancor Renewable Energy, Tien Li Offshore Wind Technology and Yeong Guan Energy Technology Group. The project is currently owned by Stonepeak Infrastructure Partners.
The project is expected to supply enough clean energy to power 4,500,000 households. The project cost is expected to be around $21,120m. The turbines will be mounted on a fixed type foundation.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2025.
About Tien Li Offshore Wind Technology
Tien Li Offshore Wind Technology Co Ltd (TLOWT) develops, builds, and manages wind energy projects. It produces wind turbine blades, wind turbine molds. TLOWT is headquartered in Taipei City, Taipei, Taiwan.
About Yeong Guan Energy Technology Group
Yeong Guan Energy Technology Group Co Ltd (Yeong Guan) is engaged in the manufacture and sale of precision machinery. The group provides energy, injection molding, industrial machinery and medical products. The group’s related products include wheel hubs, gearboxes, bases, bearing seats, planetary supports, swing rings, twisted arms and other parts. Yeong Guan is also involved in the provision of services such as customer co-design, welding, and painting and assembling of parts. The group is the casting supplier of wind turbines, machine tools and other equipment’s. The group has its operations in Hong Kong, Thailand, the British Virgin Islands, Taiwan and China. Yeong Guan is headquartered in Taoyuan City, Taiwan.
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.
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