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Home›Business & Finance›CIP Signs PPA for 500 MW Taiwanese Offshore Wind Project
Business & Finance

November 29, 2024 · about 1 year ago

CIP Signs PPA for 500 MW Taiwanese Offshore Wind Project

Copenhagen Infrastructure Partners (CIP), through its Flagship Fund Copenhagen Infrastructure V (CI V), has signed a corporate power purchase agreement (CPPA) with Sino-American Silicon Products and its renewable energy subsidiary, Sustainable Energy Solution (SES) for the Fengmiao 1 offshore wind p

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CIP power purchase Fengmiao 1

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Copenhagen Infrastructure Partners (CIP), through its Flagship Fund Copenhagen Infrastructure V (CI V), has signed a corporate power purchase agreement (CPPA) with Sino-American Silicon Products and its renewable energy subsidiary, Sustainable Energy Solution (SES) for the Fengmiao 1 offshore wind project in Taiwan.

CIP was awarded capacity for Fengmiao 1 in the first round of Taiwan’s Round 3 Zonal Development Offshore Wind Auction in December 2022. The entire Fengmiao offshore wind project, located some 35 kilometres off the coast of Taichung in central Taiwan, will have an installed capacity of 1,800 MW.

The project, being developed by Copenhagen Offshore Partners (COP) on behalf of CIP, will comprise 33 15 MW offshore wind turbines and will be CIP’s first offshore wind farm in Taiwan to feature an offshore substation.

The jacket foundations will be supplied by South Korean company SK oceanplant while the units will be installed by CSBC-DEME Wind Engineering (CDWE), a joint venture between Belgium’s DEME and Taiwanese shipbuilder CSBC.

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In July, Dong Fang Offshore (DFO) was awarded a charter contract for a newbuild commissioning service operation vessel (CSOV) by CIP for the 500 MW Fengmiao 1 offshore wind farm.

The construction of Fengmiao 1 is planned to commence next year and the project is expected to enter commercial operation in 2027.

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