Swancor has signed a contract with MHI Vestas Offshore Wind to provide turbine materials for domestic use and possibly for export
Swancor in Taiwan has signed a contract with MHI Vestas Offshore Wind that could see it exporting to the global wind market, in addition to providing materials for turbines for the domestic scene.
Under the terms of the conditional agreement, Swancor, which has three business units – including an advanced materials group that manufactures materials for wind turbine blades – will provide MHI Vestas with more than 50% of the value of the blades it builds for the Taiwanese market.
The agreement also holds out the prospect of Swancor supporting MHI Vestas projects globally.
MHI Vestas co-chief executive Lars Bondo Krogsgaard said signing the agreement with Swancor underlined the company’s commitment to the Taiwanese offshore wind market and to building a sustainable supply chain.
Swancor is considering a joint venture with Formosa Plastics Corporation to support the blade materials agreement with MHI Vestas.
Swancor Holding Co Ltd chairman Robert Tsai said, “Co-operation between Swancor and MHI Vestas is a significant milestone. We are evaluating a joint venture with Formosa Plastics Corporation to establish a carbon fibre production base in Taiwan. The joint venture would be the first of its kind in Asia.”
MHI Vestas is in line to provide its 9-MW platform for three upcoming projects in the Taiwan offshore wind market.