Offshore windfarm


Powering Taiwan’s first offshore wind farm

Supporting Taiwan’s offshore wind ambitions.

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Sector Energy
Sub-sector Renewables
Location Taiwan


Taiwan aims to increase electricity generated from renewable power from 8.3 per cent in 20221 to 60-70 per cent in 2050.2 The country’s offshore wind capacity is currently nearly 1.6 GW,3 with an interim target of 13.1 GW of offshore wind capacity by 2030 with the aim of reaching 40-55 GW by 2050.4


Macquarie acquired a 50 per cent stake in Formosa 1 to develop Taiwan's first offshore wind farm and help kick-start the island's supply of offshore wind-generated power. The investment in Formosa 1 was followed by a further portfolio of approximately 2 GW5 of offshore wind in Taiwan, developed by Macquarie's portfolio company, Corio Generation.


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

It was the first operational offshore wind farm in Taiwan6 and one of three landmark demonstration incentive projects approved by the Taiwan Government to promote offshore wind development in the region. Formosa 1 started its operations in December 2019.

Industry recognition: PFI Renewables Deal of the Year 2018, IJ Global’s Offshore Wind Deal of the Year in Asia-Pacific 2018 and The Asset Triple A Renewable Energy Deal of the Year, 2019.

128 MW

Formosa 1’s total operation capacity6


Equivalent number of Taiwanese households powered every year7


Wind turbines installed

All information correct at February 2024 unless otherwise stated. As of March 2022, Macquarie has sold down its stake in the Formosa 1 project.

  7.  Equivalent number of homes powered is calculated according to analysis by Macquarie Asset Management’s Green Analytics team based on country specific average UK household electricity consumption (Enerdata) for 25 years. Find out more here on how this number is calculated

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