Greater Changhua 1 and 2a offshore wind farms create NTD 523 billion economic value with long-term social and environmental benefits

Today, Ørsted announced its ’Green energy for Taiwan, powered by people‘ case study on the Greater Changhua 1 and 2a offshore wind farms, which calculates NTD 402 billion worth of industrial value, or NTD 523 billion worth of economic value. The value has been created over the six years of development and construction activities of the 900 MW Greater Changhua 1 and 2a offshore wind farms. By comparison, this amount exceeds the industrial value created by the entire electric vehicle sector of Taiwan last year.

The economic analysis behind the report, which is the first of its kind for the offshore wind industry in Taiwan, was conducted by the Taiwan Institute of Economic Research (TIER) under commission by Ørsted. The methodology involved in-depth analysis of project data and a detailed assessment of the contributions to Taiwan’s domestic economy. This includes ripple effects across multiple industrial sectors, such as manufacturing of metals, construction, and engineering activities, as well as taking into account induced consumption effects. 

Per Mejnert Kristensen, CEO of Region APAC at Ørsted, says: “The 900 MW Greater Changhua 1 and 2a offshore wind farms are the first gigawatt-sized project built in Taiwan. This case study demonstrates that large-scale offshore wind projects can generate significant long-term benefits for industry, communities, and the environment. We’re ready to help realise the vast potential of Asia Pacific’s green energy transition, driving a sustainable build-out that works for people.” 

Christy Wang, Chair of Ørsted Taiwan, says: “Since day one in Taiwan, Ørsted has been committed to developing, constructing, and operating offshore wind farms to create long-term value for the decades ahead during the entire wind farm life cycle. The case study provides strong evidence of our track record, creating thousands of jobs, strengthening local industries, and nurturing new talent with skills development through this project. We’re proud to have shared our 30+ years of experience in offshore wind with our local partners and created quality jobs in an industry of the future.”

The Greater Changhua 1 and 2a offshore wind farms were awarded 900 MW in grid capacity by the Taiwan government in April 2018 via the project selection scheme (Phase 2 Zone Application for Planning) with a feed-in-tariff (FiT) price regime and local content requirements which aimed to build and ramp up the local offshore wind supply chain from scratch. 

Key findings of the case study include:

Economic value:

  • NTD 523 billion in added value contributed to Taiwan’s economy.
  • 8,300 jobs, including 1,100 direct and 7,200 indirect jobs created during the construction period.
  • 200+ suppliers worked on the project.
  • 5,300 supply chain contracts awarded, including 1,200 direct and indirect contracts for local suppliers.

First in Taiwan:

  • 210 of the total 333 pin piles are made by new Taiwanese suppliers.
  • Enabled early delivery of Taiwan-first nacelle assembly plant with 75 nacelles being assembled locally.
  • Six jacket foundations 100 % made-in-Taiwan.
  • First MW-size energy storage system for grid research.
  • Dual-doppler Radar System offering wind and weather observational data to the six academic research partners.

Social and environmental value:

  • Annual clean energy output enough to power one million Taiwanese households.
  • 1.75 million tons of carbon dioxide reductions each year, equivalent to the amount of carbon dioxide reductions from 13,000 Daan Forest Parks in Taipei. 
  • 750 children aged 11-12 years old have received the Green Energy Syllabus.
  • 25 students awarded a Green Energy Scholarship
  • Launched world-first ReCoral trial project at the Greater Changhua 1 Offshore Wind Farm to achieve potential positive biodiversity impact. 

With its unique build-to-operate business model, Ørsted is committed to building more large-scale offshore wind farms to catalyse the green energy transition in Taiwan and across Asia Pacific. 

Download "Green Energy for Taiwan, Powered by People " here. 


For further information, please contact: 

Ørsted Asia-Pacific Media Relations
Rachel Chan
+886 933 529 367