EnBW Energie Baden-Wuerttemberg has acquired a stake of 37.5% in three offshore wind projects in Taiwan with a combined capacity of about 2 GW, the German utility announced today.
EnBW is partnering on the development of the three projects with Taiwanese project developer Swancor Renewable, a subsidiary of Swancor Holding, and Macquarie Capital, a unit of Australian investment bank Macquarie Group. The initial objective of the partners is to secure grid capacity for the three projects. Taiwan targets 5.5 GW of offshore wind power capacity by 2025 and plans to allocate the needed grid connection capacity in the first half of 2018.
According to the announcement, EnBW will be responsible for the majority of the technical project development of the three projects, located in Taiwan’s Changhua region, and the German company has already provided personnel on site.
The move marks EnBW’s first venture into international offshore wind markets outside of Europe. “The expertise that we have built up in the offshore wind sector in the last few years is in demand worldwide, and we want to export it,” said Dirk Guesewell, EnBW’s head of generation portfolio development at EnBW. “That is why we are also directing our sights at new international offshore wind markets that offer growth opportunities and an attractive economic environment, so that in a first step we can start by developing selected projects ready for construction,” Guesewell added.
The deal is subject to the approval of the Cartel Authority in charge, EnBW said.