Innogy & Asia Cement Partners to Develop Offshore Wind Farm worth 448 MW in Taiwan

Innogy has announced that it has partnered with the Asia Cement Corporation to endure the development of a major offshore wind project off the coast of Taiwan. The two companies have agreed on a strategic partnership to further develop the Chu Feng offshore wind project, which intends to participate in the next grid allocation round in Taiwan. With a planned installed capacity of up to 448 megawatts (MW), it will be located off the northwest coast of Taiwan near Hsinchu City, in the wind-rich Taiwan Strait.

Sven Utermöhlen, senior vice president renewables operations offshore at innogy SE, said, “the government has plans to considerably increase the role of offshore wind energy in Taiwan’s electricity production. The Chu Feng project will enable us to enter this growing market with a strong local partner at our side, whose local expertise complements our global experience and technical know-how, and who share our ambition to drive the growth of offshore wind in Taiwan.”

The corporation 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.

Henry Wu, the CEO of the Chu Feng Preparatory Office, said “we are pleased that innogy, with their extensive offshore wind experience, are on board with us in the development of the Chu Feng offshore wind project. The Far Eastern Group is committed to develop green energy to reduce our carbon footprint and support the government in meeting its renewable energy targets, and have ambitions to grow our wind power business in Taiwan.”