Swancor Renewable Energy, backed by affiliates of U.S.-based Stonepeak Infrastructure Partners, says it is developing a portfolio of offshore wind projects in the northwestern territorial waters off of Miaoli County, Taiwan.
The portfolio would consist of 3 sites: Formosa 4-1, Formosa 4-2 and Formosa 4-3. The sites would cover a large maritime area located 18 to 20 kilometers off the coast of Miaoli County. The three wind farms have a total potential capacity of up to 4.4 GW.
Currently, both bottom-fixed and floating foundations are under consideration for the portfolio and the choice will be subject to site conditions. Swancor Renewable Energy recently filed these projects with the Taiwan Environmental Protection Agency this week.
“Swancor Renewable Energy has been developing Formosa 4 since 2019,” says Lucas Lin, CEO of Swancor Renewable Energy. “We are excited to support Taiwan’s ambitious offshore wind renewable energy target. Through the development of Formosa 4, we are dedicated to growing the local supply chain in the renewable energy industry. We will be leveraging our development experience from Formosa 1 and Formosa 2 with our new portfolio and are looking forward to extending our relationships with the Miaoli County government and the local stakeholders.”
Swancor Renewable Energy led the development on Formosa 1 (128 MW) and Formosa 2 (376 MW), which are now in operations and in construction, respectively. Subject to the completion of the environmental impact assessment process and securing the requisite government approvals, project contracts and financing, Swancor Renewable Energy expects that the Formosa 4 wind farms would achieve operations post-2025.