Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V fund (CI V), has reached financial close on the 495-megawatt Fengmiao I offshore wind project off the coast of Taichung, Taiwan. The project has secured approximately $3.1 billion in project financing from 27 international and Taiwanese banks.
In December 2022, Fengmiao I secured site exclusivity and 500 megawatts of grid capacity in Taiwan’s Round 3.1 auction. It is the first of Taiwan's Round 3 projects to reach financial close and the first to start construction. Fengmiao I will be built by a group of international and local suppliers, all with track records from previous offshore wind projects in Taiwan. Vestas is the turbine supplier to CIP’s two existing projects and also will supply 33 units of its latest 15-megawatt turbine to Fengmiao I.
Fengmiao I is scheduled to complete construction by the end of 2027. A group of six large local and international corporates have enter
