TotalEnergies, Corio partner to develop three offshore windfarms in Taiwan
(WO) — TotalEnergies and Corio Generation, two of the world’s leading offshore wind and renewable energy developers, have partnered to develop the Formosa 3 offshore windfarms in Taiwan. Under this agreement, Corio will remain the majority shareholder and lead developer with 50% plus 10 shares overall in project.
The announcement comes after Taiwan’s Bureau of Energy confirmed in late December 2022 that Formosa 3’s Haiding 2 windfarm had been successfully awarded 600 MW grid capacity following the first phase of Taiwan’s Round 3 auctions.
The Formosa 3 project comprises three proposed offshore wind farms – Haiding 1, 2 and 3 – in Changhua county on the central-western coast of Taiwan. The project received Environmental Impact Assessment (EIA) approvals in 2018, with an EIA-approved capacity of around 2 GW.
The offshore wind farm development is expected to contribute to Taiwan’s ambitious plans for the green energy transition and represents a multi-billion investment from the partners and project lenders up to the end of construction.
“We are thrilled to welcome TotalEnergies as our partner in building offshore wind farms in Taiwan. Our two companies have a longstanding relationship and strong track record in developing projects across Europe and Asia-Pacific and so we are absolutely delighted to be working together again in Taiwan” said Jonathan Cole, CEO of Corio Generation.
Other projects developed by TotalEnergies and Corio include the 2 GW West of Orkney Wind farm project in Scotland, UK, the 1.5 GW Outer Dowsing Offshore Wind project in England, UK, and over 2 GW of floating wind projects in South Korea, to name a few.