Taiwan’s Formosa Phase II commercialization to commence in 2019
Category: #world  By Shikha Sinha  Date: 2017-08-10
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Taiwan’s Formosa Phase II commercialization to commence in 2019

After having recorded an electricity generation capacity of 6.5 MW from Formosa I – Taiwan’s 1st commercial-scale offshore wind project, the country is all set to boost its capacity to approximately 120 MW by 2019. For the records, Formosa I is one of the three projects approved by the Taiwanese government in a bid to produce 4 GW of electricity through offshore wind. The project is under the supervision of the Ministry of Economic Affairs Bureau of Energy, which intends to install 1000 wind turbines in the country by 2030.

Allegedly, Formosa has accomplished its initial phase, dubbed the demonstration phase, under which two 4 MW wind turbines were installed in November 2016 and became operational in April this year. As per reliable sources, the construction on the second, viz., the commercial phase, is expected to start in 2019 with the commencement of operations scheduled in the same year. This phase involves adding another 30 turbines with a combined capacity of 120 MW.

Reportedly, Formosa II and Formosa III located off Miaoli and off Changhua County are slated to possess an installed capacity of 300-500 MW and 1900 MW, respectively. Both the phases are expected to obtain their commercial operating license this year post qualifying the environmental impact assessment.

As per the study commissioned by the Bureau, Taiwan has a high potential for wind energy with western coasts serving as one of the most lucrative arenas. The finding also cited some regions in northern Taiwan as the most suitable grounds for wind power electricity generation. These include Hsinfeng to Hsiangshan in Hsinchu, Dayuan to Hsinwu in Taoyuan, and Houlung to Yuanli in Miaoli. In addition, the entire coastal area of central Taiwan is further mentioned to be holding a lucrative potential for wind power generation.

The Formosa project is being developed by Swancor Renewable, a subdivision of Swancor Holding, a renowned chemical manufacturing company based out of Taiwan. Reportedly, Macquarie Capital and Dong Energy had signed agreements with Swancor Renewable to procure 85% interest in Taiwan’s offshore wind project – Formosa. The stake was split into a share of 50% and 35% owned by Macquarie Capital and Dong Energy, respectively. On the project development front, Swancor Renewable, which owned 15% of the stake undertook the site construction and development while the advisory services were executed by Dong Energy.

As per the records, Dong Energy - Denmark’s most renowned offshore wind market player is in the process of developing offshore wind sites in Changhua region.



About Author

Shikha Sinha

Email: shikha.s@news.marketsizeforecasters.com   

Shikha Sinha

Shikha currently manages content operations for a series of news and business portals including MSF, Algosonline, and the like. An electrical & electronics engineer by education, she has prior experience in content & technology writing, content marketing, market resea...

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