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September 10, 2019updated 12 Jun 2020 12:23pm

Taiwan’s Formosa 1 offshore windfarm begins producing power

Danish power company Ørsted has announced the production of first power on the second phase of Formosa 1 offshore windfarm in Taiwan.

Danish power company Ørsted has announced the production of first power on the second phase of Formosa 1 offshore windfarm in Taiwan.

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According to the project partner, the generation of clean renewable energy at the new wind turbines marks a major milestone in achieving the Taiwanese government’s goal of installing 5.7GW offshore wind by 2025.

Located in Chunan Town, Miaoli County on Taiwan’s northwestern coast, the second phase will see a total installation of 20 Siemens Gamesa 6MW offshore wind turbines.

The company has deployed ten of the 20 wind turbines, of which have six started generating power.

According to Ørsted, all the turbines are expected to be fully operational over the next two months. Prior to this, the wind turbines will be put through a power generation test.

Ørsted Asia-Pacific Formosa 1 chairman and president Matthias Bausenwein said: “First power from the second phase of Formosa 1 is a major milestone for the project before completion.

“An achievement by the Formosa 1 team and all our supply chain partners. Together with our joint venture partners, JERA, Macquarie Capital and Swancor, we’ll keep devoting our efforts to building Taiwan’s first offshore wind farm on time and within budget.

“Formosa 1 is committed to producing significant amounts of clean energy and contribute to Taiwan’s energy transition.”

Formosa 1 is owned by Ørsted (35%), Swancor Renewable (7.5%), JERA (32.5%) and Macquarie Capital (25%).

In April 2019 Ørsted agreed to make a final investment in the second phase of the Formosa 1.

The total power generation capacity for Formosa 1 wind farm is expected to be 128MW, which is capable of supplying clean renewable energy to 128,000 Taiwanese households.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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