Siemens Gamesa Gets Firm Order for 376 MW Offshore Wind Project

Siemens Gamesa received a firm order from partners Macquarie’s GIG and Swancor Renewable Energy for the 376 MW Formosa 2 offshore wind project.

The launch of the 376 MW Formosa 2 offshore wind farm project in Taiwan took a step closer to construction after Siemens Gamesa RE announced that it has received a firm order from partners Macquarie’s Green Investment Group (GIG) and Swancor Renewable Energy.

The project, located in Miaoli County, will consist of 47 units of the SG 8.0-167 DD offshore wind turbine and construction is expected to begin in 2020. The park is situated close to the site of the first commercial offshore wind power plant in Taiwan, Formosa 1, which consists of a total of 22 SGRE offshore wind turbines with Phase 1 and Phase 2 combined.

“We are pleased to announce a positive investment decision and that we are now ready to commence construction of the Formosa 2 offshore wind farm,” said Kimberly Cram, Project Director of Formosa 2.

“Once completed the Formosa 2 offshore wind farm will generate enough green electricity to power 380,000 homes. The project represents a significant contribution to Taiwan’s renewable energy targets and we look forward to working closely with our local and international partners to ensure its successful completion.”

The firm order for the Formosa 2 project takes SGRE’s order backlog in Taiwan to close to 2 GW. This latest wind park will be one of the first projects of the Taiwanese government’s zonal development program. This initiative was launched to promote a 5.5 GW offshore wind build-out by 2025.

In June, we had reported that SGRE had conditionally received an order for the supply of offshore wind turbines including a 20-year full-service agreement for the 376 MW offshore project.

Recently, we had reported that JERA had entered into an agreement with Macquarie Capital to acquire an equity interest in the Formosa 2 offshore wind power project in Taiwan. JERA will be acquiring 49 percent equity interest of the project with support from the Development Bank of Japan Inc. and will play a key role as a major shareholder.