Pioneering offshore wind industry in Asia Pacific - Ørsted inaugurates its first offshore wind farm in Taiwan

Global offshore wind leader Ørsted successfully built Formosa 1 phase 2, the first offshore wind farm in Taiwan, together with joint venture partners, contributing to Taiwan’s energy transition.
Formosa 1 offshore wind farm

Global offshore wind leader Ørsted successfully built Formosa 1 phase 2, the first offshore wind farm in Taiwan, together with joint venture partners, contributing to Taiwan’s energy transition.

Today marks an important milestone for Ørsted as the company celebrates the inauguration of the Formosa 1 offshore wind farm in Taiwan, the first offshore wind farm built by Ørsted in Asia Pacific. In the past three years, Ørsted has worked closely with joint venture partners, secured NTD 18.7 billion in project finance, and constructed the wind farm on time.

The Formosa 1 wind farm is a joint venture between Ørsted (35%), JERA (32.5%), Macquarie Capital (25%) and Swancor (7.5%). Located approx 2 to 6 kilometres off the coast of Miaoli County, Formosa 1 has two phases: Two Siemens Gamesa 4MW turbines were installed in October 2016 for the first phase and officially commissioned in April 2017. The second phase, completed in October 2019, includes 20 Siemens Gamesa 6MW turbines. The total power generation capacity for Formosa 1 is 128MW, which can supply 128,000 households in Taiwan.

Martin Neubert, CEO, Ørsted Offshore, says:
"Ørsted built the world’s first offshore wind farm in Denmark over 28 years ago. Since then, Ørsted has constructed more than 25 offshore wind farms. We are proud to inaugurate the very first commercial-scale offshore wind farm in Taiwan and the Asia Pacific region. We are glad that Ørsted can contribute to Taiwan's energy transition, which is also a significant step for Ørsted in realizing our vision to create a world that runs entirely on green energy."

Matthias Bausenwein, President of Ørsted Asia Pacific and Chairman of Formosa 1, says:
"Today is a historic moment for all who participated in the Formosa 1 project. All the intensive efforts invested together with our joint venture partners, local authorities, financial institutions and stakeholders have flourished. Formosa 1 marks the first milestone for Ørsted's expansion in Asia Pacific. With this successful first step, we are confident that Ørsted will continue to lead the growth of offshore wind in Asia."

Beyond Formosa 1, Ørsted remains strongly committed to the green energy transition in Taiwan and is currently constructing the 900MW Greater Changhua 1&2a project with expected commissioning in 2022. Furthermore, Ørsted has been awarded an additional 920MW for the Greater Changhua 2b&4 project, which, subject to final investment decision, is expected to be completed in 2025.

Formosa 1 milestones

  • Jan 2017 Ørsted signed the joint venture partnership agreement with Swancor and Macquarie Capital, acquiring 35% of Formosa 1 project.
  • Apr 2018 Ørsted made final investment decision on Formosa 1 project
  • Jun 2018 Financial close achieved for Formosa 1 with NTD 18.7 billion in project financing from local and foreign banks
  • Jun 2018 Phase 2 onshore construction started
  • May 2019 Phase 2 offshore construction started
  • Oct 2019 Completion of Formosa 1 phase 2 construction

Andee Yu

 +886-2-2722-1617 ext.183

andyu@orsted.com