Vena Energy launches 1.8 GW of offshore wind projects in Taiwan
Vena Energy, a renewable energy developer owned by Global Infrastructure Partners (GIP), plans to launch two offshore wind projects, totalling 1.8 GW, with the aim to participate in auctions under Taiwan’s Phase 3 offshore wind zonal development.
The 1.2 GW Wei-Na offshore wind project will be located 20 km off the coast of Miaoli County (northwest Taiwan), while the 600 MW Wei-Long offshore wind project will be located 43 kilometers off Changhua County (central-west Taiwan). The two offshore wind projects are expected to use large wind turbines with a capacity of 14 MW to 20 MW. Vena Energy has already invested in Taiwan and built more than 400 MW of solar capacity on the island.
Taiwan is expected to initiate its third round of offshore wind tenders in the coming months. Through the first two offshore wind auctions (April and June 2018), the island allocated 5.5 GW of projects. In August 2021, Taiwan finalised an allocation plan for its Round 3 offshore wind tender, which will be procuring project development for farms scheduled to go online between 2026 and 2035, during which 15 GW of new capacity are expected to be added.
In 2021, offshore wind represented less than 1% of Taiwan’s installed capacity (237 MW), as the island only installed its first offshore wind turbine in 2017.
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