French floating offshore wind developer Eolfi and Spanish outfit Cobra Concesiones are partnering on projects in Taiwan.
Cobra Concesiones has finalised a shareholding in Eolfi Greater China, a subsidiary of Eolfi that has been active in Taiwan since 2012.
Eolfi Greater China is developing a portfolio of five commercial floating wind farm projects with a target size of 500MW each.
The partners said Cobra’s shareholding will “secure and speed up the development of these commercial projects”.
Eolfi chairman Alain Delsupexhe said: “This partnership marks a milestone in our development in Taiwan.
“Amongst other things, the partnership will give a boost to the W1N farm project already benefiting from a grid access approval by Taipower off Taoyuan, a farm expected to be commissioned in 2022.”
Global law firm Norton Rose Fulbright advised both parties on the transaction.
Image: Pixabay
Spanish float with Eolfi in Taiwan
Partnership with Cobra Concesiones to develop up to five 500MW projects
By EBS