Ørsted has signed an agreement with Cathay Life Insurance, and its affiliate Cathay Power, under which Cathay will acquire a 55 per cent ownership stake of Ørsted’s 632 MW Greater Changhua 2 offshore wind farm.
Located approximately 50–60 kilometres off the coast of Changhua County, the Greater Changhua 2 site comprises the 295 MW Greater Changhua 2a, which is operational, and the 337 MW Greater Changhua 2b, which Ørsted is currently constructing, with commissioning expected in the third quarter of 2026.