NT$16.5 billion windpower contract awarded to Taiwan company

Taipei, Taiwan-based Century Iron and Steel Industrial Co. has signed a deal for NT$16.5 billion (US$538 million) to supply Copenhagen Infrastructure Partners (CIP) with a key part of its windpower project in Taiwan.

Under the contract inked by CIP and Century Iron and Steel and witnessed by Vice President Chen Chien-jen (???), the Taiwanese company will handle the underwater infrastructure for CIP's two windmills located off the coast of Changhua County.

The agreement is expected to create 300 to 500 jobs, according to the two companies.

CIP, a fund management company founded in 2012, is one of seven companies, including three foreign developers, that won a tender held by the Ministry of Economic Affairs at the end of April to build 10 offshore windpower farms with a capacity of 3,836 megawatts.

The agreement signed by CIP and Century Iron and Steel was the first placed by a winner of the tender.

At the signing ceremony, Chen said the agreement is a milestone for Taiwan's efforts to push for green energy development and indicates that windpower development will take root in Taiwan and benefit the local economy because the contractor is Taiwanese.

Chen said Taiwan is strengthening efforts to expand its use of renewable energy, especially because it has one of the best windpower development sites in the world, and those efforts could make Taiwan more energy self-sufficient and reduce air pollution.

Taiwan had offshore wind capacity of 8,000kW in 2017, and it has raised its goal for installed capacity for offshore windpower by 2025 to 5.5GW from the 3GW previously targeted.

With that in mind, Taiwan is strengthening its capability in windpower development in many areas such as wind turbine production, marine engineering, underwater infrastructure and grid network construction to boost the country's global competitiveness, Chen said.

In addition to CIP, the two other foreign companies that won the MOEA tender were Germany's wpd and Denmark's Orsted A/S. The three accounted for 66 percent of the total capacity awarded.

Source: Focus Taiwan News Channel