SGRE reaches financial close to expand Taiwan’s Formosa 1 Phase II

13 June 2018 (Last Updated June 13th, 2018 14:51)

Spanish wind turbine maker Siemens Gamesa Renewable Energy (SGRE) has achieved financial close with its customers to supply an additional 120MW of capacity for Formosa 1 Phase II, an offshore wind power plant in Taiwan.

Spanish wind turbine maker Siemens Gamesa Renewable Energy (SGRE) has achieved financial close with its customers to supply an additional 120MW of capacity for Formosa 1 Phase II, an offshore wind power plant in Taiwan.

The Formosa 1 Phase II customer is an owner’s consortium, consisting of Macquarie Capital, Ørsted, and lead developer Swancor Renewable Energy.

“These ambitious targets demonstrate the proactive commitment of the government to supporting the offshore wind industry in Taiwan.”

Siemens Gamesa Renewable Energy Offshore CEO Andreas Nauen said: “We are pleased to take another concrete step with our customers towards helping the Taiwanese government meet the goal of 520MW installed offshore by 2020, and the grid capacity goal of 5.5GW to be commissioned between 2020 and 2025.

“These ambitious targets demonstrate the proactive commitment of the government to supporting the offshore wind industry in Taiwan.”

As per the terms of the agreement signed earlier this year, SGRE has agreed to supply and install 20 units of its SWT-6.0-154 wind turbines at the site next year.

Additionally, the Spanish wind turbine maker has signed a 15-year full-service agreement for the provision of spare parts and tools to help ensure the turbines’ reliability and optimal performance.

Once operational, the total capacity of Formosa 1 will be 128MW. Formosa 1 Phase I involved the installation of two 4MW turbines.

The project is located nearly 6km off the west coast of the Miaoli district in the Taiwan Strait with water depths between 15m and 30m.

For installing wind turbines, SGRE will be making use of monopile foundations that have already proved suitable in the local seabed conditions.