Macquarie’s Green Investment Group has agreed to sell its 25% stake in the 128 MW Formosa I offshore wind park in Taiwan to a Japanese special purpose company set up by Mitsui O.S.K. Lines (MOL, 37.5%), Toho Gas (37.5%), and Hokuriku Electric Power (25%). The wind park will now be owned by Ørsted (35%), JERA (32.5%), MOL (9.37%), Toho Gas (9.37%), Hokuriku Electric Power, Swancor Holding (7.5%), and Hokuriku Electric Power (6.25%). Formosa I is the first offshore wind project commissioned in Taiwan, off the Miaoli coast, with a first phase of 8 MW as of April 2017 and a second phase of 120 MW in December 2019. The wind park sells its power generation to Taiwan Power (Taipower) under a 20-year power purchase agreement (PPA) and a feed-in tariff scheme.
Macquarie's Green Investment Group (GIG) will remain active in Taiwan. The group has just announced plans to launch Corio, an offshore wind company with a pipeline of over 15 GW in the United Kingdom, Europe, Taiwan, Korea, and Australia.
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