DONG Energy invests in Taiwan's first offshore wind project Formosa I
Samuel Leupold, Executive Vice President and CEO of DONG Energy Wind Power, says:
“The agreement demonstrates our commitment to the Taiwanese market and to the government’s offshore wind plans. We look forward to engaging in Formosa I and accelerating Taiwan’s first commercial-scale offshore wind project. With Swancor’s local expertise, Macquarie’s strong track record in renewables, and DONG Energy’s 25 years of experience in offshore wind, we have formed a strong partnership to execute on this project.”
Hajir Naghdy, Head of Macquarie Capital, Asia and the Middle East, says:
“Macquarie Group has a substantial and longstanding commitment to the renewable energy and clean technology sectors and we see great opportunities in Taiwan’s wind energy sector and we are pleased to be able to partner with Swancor, the leading Taiwanese offshore wind developer on its Formosa I project and with DONG Energy, an industry leader and pioneer in offshore wind power development globally.”
Robert Tsai, Chairman and CEO of Swancor Group, says:
“As a pioneer of Taiwan offshore wind development, we try to integrate international experience with local expertise. It’s our pleasure to have Macquarie and DONG Energy joining Formosa I. This remarkable partnership will help to push forward the delivery of this project.”
With the combination of DONG Energy and Macquarie Capital together with Swancor Renewable, Formosa I will leverage their respective expertise to collaborate on the design, investment, engineering, procurement and construction (EPC), operation and maintenance (O&M) and financing. The combination of the three companies will help to bring a strong partnership to the Taiwan offshore wind energy market.