EnergyWatch

Dong invests in Asian offshore wind farm

Dong Energy has purchased a share in Taiwan's first, albeit very small, offshore wind farm – one that could potentially grow 15 times its original size.

Photo: Dong Energy

Dong Energy's first offshore wind farm in Taiwan will soon be realized. The Danish utility has signed a deal to purchase a 35 percent stake in the Taiwanese offshore wind project Formosa 1 from local company Swancor Renewable. Macquarie Capital owns half of the project while Swancor Industries has an ownership interest of 15 percent, writes Dong in a press release.

The project is not exactly massive. Last October marked the launch of the first phase of Formosa 1, the country's first offshore wind farm. However, it currently boasts just two Siemens turbines of 4 MW each. The plan is to add another 120 MW during 2019 if funding commitments are obtained.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Price cap on gas in Europe is a complex issue and potentially very costly

European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.

Further reading

Related articles

Latest News

See all jobs