Formosa 4 Offshore Wind Project is a 4,400MW offshore wind power project. It is planned in South China Sea, Taiwan. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the 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. Buy the profile here.

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 with a stake of 100%.

The project is expected to supply enough clean energy to power 4,500,000 households. The turbines will be mounted on fixed type foundations.

Development status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.

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About J&V Energy Technology

J&V Energy Technology Co Ltd is a Taiwan-based company mainly engaged in energy related business. The Company's products and services are one-stop integrated services for the development and construction of rooftop, ground-mounted, and water-mounted photo

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), manufactures and sale of precision machinery. The group provides energy, injection molding, industrial machinery and medical products. The company’s 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. It 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.

GlobalData

GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.