Offshore windfarm
Offshore windfarm

Energy

Powering Taiwan’s first offshore windfarm

Supporting Taiwan’s offshore wind ambitions.

Sector Energy
Sub-sector Renewables
Location Taiwan

Opportunity

Taiwan aims to increase electricity generated from renewable power from 4.8 per cent in 20161 to 20 per cent in 2025, reducing reliance on coal and becoming nuclear-free.


Approach

Macquarie acquired a 50 per cent stake in Formosa 1 to develop Taiwan’s first offshore wind farm and kick-start the island’s supply of offshore wind-generated power. This will be followed by a further portfolio of 1.9GW of offshore wind in Taiwan.

Outcome

Formosa 1 is a first-of-its-kind project in Taiwan.

Industry recognition: PFI Renewables Deal of the Year 2018 and IJ Global's Offshore Wind Deal of the Year in Asia-Pacific 2018

128MW

to be delivered in partnership with a local Taiwanese developer

50,000+

homes in Taiwan provided with clean energy

1.9GW

of projects in the pipeline between 2021 and 2025

~200

turbines required to provide clean energy to 1 million+ homes in Taiwan

All information current as at 31 March 2019, unless otherwise stated.

1. Taiwan Energy Statistics 2017 Year Book, Bureau of Energy, Ministry of Economic Affairs. 4.8% of aggregate electricity generated in 2016.

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