Transactions - MAY 15, 2017

Danish investor buys three wind projects in Taiwan

by Andrea Waitrovich

Danish fund management company Copenhagen Infrastructure Partners has acquired three offshore wind sites under development in Taiwan with a combined capacity of 1,500 megawatts.

The three sites are all located off the Changhua coast in the Taiwan Strait.

Further development of the sites will be undertaken by CIP in collaboration with local partner Taiwan Generations Corp.

The three projects are in the process of applying for the required environmental permits and are still subject to a final investment decision.

The government in Taiwan has set a target of 3,000MW of offshore wind to be constructed by 2025 and decided that nuclear power will be phased out by 2025.

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