Asian developer Synera Renewable Energy Group has taken majority ownership of the 376MW Formosa 2 offshore wind farm in Taiwan.
SRE has acquired an additional 26% stake in the wind farm, raising its ownership from 25% to a controlling 51%.
The company said the transaction demonstrates its continued belief in the wind farm and dedication to green energy.
Formosa 2 is the first offshore wind farm to achieve commercial operation among all projects in Taiwan’s second phase of offshore wind development.
Located off the coast of Miaoli County in north-western Taiwan, the wind farm has an installed capacity of 376MW.
All 47 turbines were installed in January 2023 and have been connected to the grid since March 2023, supplying power to approximately 380,000 households per year.
As a founding shareholder and developer, SRE said it recognised the wind farm’s outstanding track record and socio-economic value.
SRE chair Lucas Lin said: “SRE’s acquisition of an additional stake coincides with the second anniversary of Formosa 2’s commercial operation.
“The increased ownership allows us to further enhance the wind farm’s performance and governance, and to ensure a stable supply of clean energy that supports Taiwan’s export-oriented industries and strengthens confidence in the long-term, healthy development of the offshore wind sector.
“Backed by the strong foundation, momentum, and team developed over the past 12 years in Taiwan, we have and will continue to accelerate the deployment of offshore wind power.”
SRE holds stakes in two operational offshore wind farms, Formosa 1 and Formosa 2, while actively developing Formosa 4 and Formosa 6 in Taiwan.
Beyond its home market, the developer is also expanding its presence in Japan and South Korea.