Wind farm offshore Taiwan. (Source: Shutterstock)
Ørsted took final investment decision (FID) on the 920-megawatt (MW) Changhua 2b and 4 offshore wind farms off the coast of Taiwan in the Taiwanese Strait, the company announced March 31 in a press release.
The Changhua 2b and 4 sites are part of the Greater Changhua offshore wind project, granted in June 2018 as part of Taiwan’s first competitive price-based auction with no mandatory local content requirements.
Greater Changhua 2b and 4 have all environmental impact assessment approvals. Onshore construction is expected to begin in 2023, fabrication of components in 2023 and 2024, and offshore construction by the end of 2025.
Changhua 2b and 4 will be funded by capital provided by the Ørsted Group combined with debt capital sourced from the domestic Taiwanese market and backed by an Ørsted A/S parent company guarantee.
“Today’s positive investment decision demonstrates that Ørsted is primed and ready to build and operate large-scale offshore wind projects in Taiwan,” Per Mejnert Kristensen, President of Ørsted Asia Pacific, said. “This final investment decision is a major step forward for our mission to accelerate Asia Pacific’s decarbonisation journey.”
Ørsted’s Greater Changhua 1 and 2a offshore wind farms have a 900-MW capacity and are located 35 km to 60 km off the coast. An FID for Changhua 1 and 2a was made in May 2019, however a final commissioning date was pushed from the second half of 2022 to 2023, due to COVID-related delays. They have an approximate combined capacity of 900 MW.
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