Orsted has completed the divestment of a 50% stake in the 605MW Greater Changhua 1 Offshore Wind Farm to global investment group Caisse de dépôt et placement du Québec (CDPQ) and Cathay PE.
CDPQ will be the majority owner among the two new partners.
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The Greater Changhua 1 site is part of the 900MW Greater Changhua 1 & 2a Offshore Wind Farm, which Orsted is currently constructing and expects to finalise in 2022.
As part of the agreement, Orsted will construct the Greater Changhua 1 Offshore Wind Farm under a full-scope EPC contract.
Orsted will also provide long-term operations and maintenance (O&M) services from its O&M base at the Port of Taichung.