Ørsted CEO Henrik Poulsen visits Taiwan to reinforce commitment and support for energy transition
The vision of Ørsted is to create a world that runs entirely on green energy. Taiwan has been at the forefront of offshore wind industry in Asia and plays an important role in the global trend for green energy transformation.
Ørsted’s Chief Executive Officer Henrik Poulsen said, “As Taiwanese government established an ambitious 20% renewables target by 2025, offshore wind will play a significant role in contributing to Taiwan’s green future. As the world’s leading renewable solution provider, Ørsted is committed to build offshore wind farms off the Changhua coast on time to support the transition to clean energy in Taiwan.”
During his visit, Henrik Poulsen will meet central and local authorities and media, sharing the company’s commitment to working with Taiwan and transferring knowledge in renewable energy to local research institutes, universities, and business partners through projects like energy storage. Ørsted also announced it will introduce the unique dual-Doppler radar system in Taiwan to monitor potential impacts of typhoon on offshore wind farm.
Last week Ørsted has announced its Final Investment Decision for the Formosa 1 Phase 2 with the construction taking place in 2019. The company has also secured 900MW capacity during the Feed-in-Tariff grid allocation process and will join the coming auction in June to seek more capacity for constructing large-scale offshore wind farms in Changhua.
Henrik Poulsen added, “One of key successes to any energy solutions is to integrate with the local society through energy supply, storage, and consumption. We will make sure the Greater Changhua projects to become a key driver to local development, economic growth, and job creation. Through working closely with stakeholders in Taiwan, Ørsted will develop, build, operate world-class offshore wind farms in Changhua in the next 25 to 30 years.” Ørsted has successfully transformed from a Danish utility company based on coal, oil and gas to an international energy company based on green energy while its operating profits (EBITDA) quadrupled. In 2017, the company completed the divestment of our upstream oil and gas business and will completely phase out the use of coal by 2023.
Global offshore wind leader Ørsted has over 25 years of development experience and installed more than 1,000 wind turbines offshore worldwide. Ørsted is the largest developer and operator of offshore wind farms, with 8.9 GW in operation and under construction.