About Formosa I

Formosa 1 is jointly developed by Macquarie Capital, Ørsted and Swancor. While Swancor Renewable will continue to lead the project through site development and construction, Ørsted will provide advisory services. Macquarie Capital will work closely with Ørsted and Swancor Renewable to complete the development and construction of the project. JERA agreed to acquire equity stake in the Formosa 1, subject to customary condition precedents including regulatory approvals.

The total installation capacity of Formosa I is 128MW; the first phase commissioned in 2017 having a capacity of 8MW; the second phase, to be completed in 2019 will have capacity of 120MW. Formosa 1 is located about 2-6 kilometers off the coast of Miaoli County in northwestern Taiwan.

Location

Formosa I is located about 2-4 kilometers off the coast of Miaoli County in northwestern Taiwan. It’s area is 10.27km².

Construction Milestones

The 128MW Formosa I project represents Taiwan’s first utility-scale offshore wind farm. The first phase of 8MW has been successfully operating since 2017, the second phase of 120MW will be completed in 2019.

Offshore Wind Farm

Location / Construction Milestones / Record

Offshore Wind Farm Pioneer

Who's behind Formosa I

Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 14,869 people in 27 countries. At 30 September 2018, Macquarie had assets under management of $A551.0 billion. For further information, visit www.macquarie.com

Swancor (TWSE: 3708) is a leading fine chemical and composite material maker. Swancor focuses on environmental protection and green energy materials including anti-corrosion resin, wind blade resin and carbon fiber composite with leading market shares in China and Taiwan. Formosa Plastic (TWSE: 1301) and Goldwind Technology (HKSE: 2208) are strategic partners in relative fields.

Swancor Renewable, a wholly owned subsidiary of Swancor, has been engaged in Taiwan offshore wind power business since 2013. Phase I 8MW of Formosa I, Taiwan’s first offshore wind farm, is already in commercial operating. Phase II 120MW will be built in 2019. Formosa II has signed 376MW power purchase agreement with Taipower will be delivered in 2020. Formosa III with 2000MW installation capacity is located in Changhua County.

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore wind farms, bioenergy plants and innovative waste-to-energy solutions and provides smart energy products to its customers. Headquartered in Denmark, Ørsted employs 5,600 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). The 2017 annual result for the Ørsted Group was the groups best-ever with operating profit (EBITDA) of NTD 108 billion and a solid balance sheet with total equity of NTD 343 billion as of end December 2017. The group’s revenue was NTD 284.4 billion. For more information on Ørsted, visit https://orsted.com/ or follow us on Facebook, LinkedIn, Instagram and Twitter.

JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG and other fuel resource projects and fuel procurement, through fuel transportation to power generation. Established in 2015, JERA is an equal joint venture of two major Japanese electricity companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company. JERA’s mission is to supply power and energy on a globally competitive basis, by effectively developing and managing its portfolio of energy chain assets and continuously optimizing its business. JERA is the world’s biggest purchaser of gas and one of the largest coal traders globally. It has approximately 66GW of power generation in Japan (including generation assets to be succeeded from its parent companies in April 2019) and approximately 8.5GW overseas.

Contact details

Vistor Address

  • Formosa I Wind Power Co., Ltd.
  • Address: 9F-1, No.127 ,Sec.1,Fuxing S.Rd., Da’an Dist., Taipei City 10666, Taiwan
  • Tel: +886 2 27751387,+886 905 985 102,+886 905 985 106
  • Email: info@formosa1windpower.com

Media

Elsa Hsiao

Local Relations

Sandy Hung