May 20 (Renewables Now) - Construction work is officially starting at the site of the 120-MW Formosa I Phase II offshore wind project in Taiwanese waters, with plans to complete the plant by the end of the year.
The milestone was celebrated at a ceremony held during the weekend, the renewables unit of Swancor Holding Co Ltd announced in a statement today.
Including the 8-MW first phase of the project, the total capacity of the Formosa I facility will be 128 MW. The wind park will generate enough power to meet the annual consumption of about 128,000 homes. Phase Two alone will consist of 20 units of Siemens Gamesa’s 6-MW turbines. It has a 20-year power purchase agreement (PPA) in place under Taiwan’s feed-in tariff (FiT) scheme.
Apart from Swancor, the other investors in the project are Macquarie Group Ltd (ASX:MQG), Denmark’s Ørsted A/S (CPH:ORSTED) and JERA Co, which is a joint venture between Tokyo Electric Power (TYO:9501) and Chubu Electric Power (TYO:9502).