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.
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.
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
to be delivered in partnership with a local Taiwanese developer
homes in Taiwan provided with clean energy
of projects in the pipeline between 2021 and 2025
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.