Orsted has taken a positive final investment decision for the 120MW second phase of the Formosa 1 offshore wind farm in Taiwan.
A total of 20 Siemens Gamesa 6MW turbines will be added to the existing 8MW project, which features two 4MW machines.
The project will utilise non-recourse project finance to fund a large proportion of the capital costs, said Orsted.
Project financing loans will come from a consortium of international and Taiwanese banks, added the developer.
Orsted says the full project will be the first commercial-scale offshore site in the country when online before 2020.
Formosa 1 is a joint venture between Orsted (35%), local developer Swancor Renewable (15%) and Macquarie Capital (50%).
A full group investment call is expected in May.
Image: Orsted
Danes dine at Formosa feast
By EBS