MHI Vestas Offshore Wind Inks Firm Orders for Taiwan Projects
MHI Vestas and CIP have finalised commercial agreements for the Changfang and Xidao projects in Taiwan with a combined capacity of 589 MW. The orders represent MHI Vestas’ first projects in Asia Pacific to reach financial close and, together, will feature 62 of the company’s flagship V174-9.5 MW turbines. The projects, which reached financial close late last week, will be split out over several phases: Changfang Phase 1 will comprise 10 turbines for an installed capacity of 95 MW and will be installed in 2022. Changfang Phase 2, comprising 47 turbines with an installed capacity of 446.5 MW, and Xidao, comprising 5 turbines with an installed capacity of 47.5 MW, will be installed in 2023.
Ahead of the projects, MHI Vestas and CIP have collaborated on a comprehensive local supply chain ramp-up that meets local content requirements. Once complete, the full localisation scope promises to create up to 5,300 jobs [1] and NT$9.2b (€264 million) in economic value for Taiwan in localised components alone [2], which does not include installation, commissioning, and operation and maintenance for the lifetime of the turbines.
About Changfang and Xidao Projects
Developer: Copenhagen Infrastructure Partners (CIP)
Total Combined Capacity: 589 MW (62 x V174-9.5 MW)
Changfang Phase 1:
o 95 MW installed capacity (10 x V174-9.5 MW)
o Installation in 2022
o Location: Changhua, Taiwan Strait
o O&M Service: 16-year full scope service agreement with MHI Vestas
Changfang Phase 2:
o 446.5 MW installed capacity (47 x V174-9.5 MW)
o Installation in 2023
o Location: Changhua, Taiwan Strait
o O&M Service: 15-year full scope service agreement with MHI Vestas
Xidao:
o 47.5 MW installed capacity (5 x V174-9.5 MW)
o Installation in 2023
o Location: Changhua, Taiwan Strait
o O&M Service: 15-year full scope service agreement with MHI Vestas
Source : Strategic Research Institute