Offshore wind
12 November 2019
Following the final installation of 20 turbines in October 2019, commercialization is expected at the end of year, symbolizing the project’s completion. Formosa 1’s inauguration is an important milestone in the realization of Taiwan’s commitment to deliver 5.7 GW of offshore wind capacity by 2025, and a further demonstration of its commitment towards green energy.
Formosa 1 Offshore Wind Farm is a joint venture between Orsted, JERA, Macquarie’s Green Investment Group and Swancor. The 128 MW project will produce enough clean energy to power the equivalent of 128,000 Taiwanese households. Formosa 1 was developed in two phases. The first phase, consisting of two 4 MW turbines, reached completion in October 2016. Phase two, completed in October 2019, saw the installation of 20 turbines totaling 120 MW.
Green energy is becoming the engine driving economic development across Asia and Taiwan is playing a central role in the region’s burgeoning renewables industry. The successful completion of Formosa 1 demonstrates Taiwan’s competitiveness and ability to deliver world-class offshore wind developments.
Mark Dooley
Global Head of Macquarie’s Green Investment Group
Matthias Bausenwein
Formosa 1 Chairman and the President of Ørsted Asia Pacific
Koichi Tamura
Chairman of JERA Energy Taiwan
Robert Tsai
Chairman of Swancor Holding
Media enquiries
About Formosa I
Formosa 1 project, a joint venture of Ørsted (35%), JERA (32.5%), Macquarie’s Green Investment Group (25%) and Swancor Holdings (7.5%). The Formosa I team has gathered the professional advantageous and resources of the shareholders to drive the completion of the first offshore demonstration wind farm in Taiwan by 2019.
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, bioenergy plants and provides energy products to its customers. Headquartered in Denmark, Ørsted employs 6,500 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2018, the group’s revenue was DKK 76.9 billion (EUR 10.3 billion). For more information on Ørsted, visit orsted.com or follow us on Facebook, LinkedIn, Instagram and Twitter.
About JERA Co., Inc.
Established in 2015, JERA Co., Inc. is a joint venture between TEPCO Fuel & Power and Chubu Electric Power. By succeeding and combining the strengths of TEPCO and Chubu, JERA aims to provide cutting edge solutions to the world's energy issues: Japan's Energy for A New Era. The total net power generation capacity owned by JERA is 75GW.Here in Taiwan, JERA has cooperated with Taiwan enterprises to operate Chang Bin, Fong Der, and Star Buck 3 IPP thermal power generation plants to contribute to the stable power generation. Besides, JERA also endeavors to promote clean energy. JERA joins Formosa I Offshore Wind Project, the first commercial scale offshore wind farm in Taiwan. In January 2019, JERA Energy Taiwan Co., Ltd. is established to support ongoing development.
About Swancor Holding
Swancor Holding (TWSE: 3708) is a leading manufacturer of fine chemical and composite material. Swancor Holding is committed to producing materials for renewable energy, including the environmental friendly corrosion resistant resin, material for wind turbine blade and carbon fiber composite which are cutting-edge products in Taiwan and China’s market. Formosa Plastic Group (TWSE: 1301) and Goldwind Science & Technology Co., Ltd (HKSE: 2208) are strategic partners of Swancor Holding in related field.