innogy is to partner with Asia Cement Corporation to continue developing an offshore wind project off the coast of Taiwan
The companies have agreed a deal to continue to develop the Chu Feng offshore wind project, through which they intend to participate in the next grid allocation round in Taiwan.
With a planned installed capacity of up to 448 MW, it is located off the northwest coast of Taiwan near Hsinchu City, in the wind-rich Taiwan Strait.
innogy opened a local office in Taipei in 2018 to drive its business in Taiwan and the wider Asia Pacific region. It has been targeting local partners with whom it can join forces.
The company said the partnership for the Chu Feng offshore wind project “is a perfect strategic fit for innogy” and “another milestone in capturing value accretive growth options in the field of offshore wind.”
innogy SE vice president renewables operations offshore Sven Utermöhlen said, “The Taiwanese Government has plans to considerably increase the role of offshore wind in its energy mix.
“The Chu Feng project will enable us to enter this growing market with a strong local partner, whose local expertise complements our global experience and technical know-how.”