CIP Inks PPA for 500MW Taiwanese Offshore Wind Project
November 29, 2024
Copenhagen Infrastructure Partners (CIP has signed a Corporate Power Purchase Agreement (CPPA) with Sino American Silicon Products and its renewable energy subsidiary Sustainable Energy Solution (SES), for the Fengmiao I offshore wind project in Taiwan.
The CPPA, signed by CIP through its Flagship Fund Copenhagen Infrastructure V (CI V), represents a significant milestone in the industry's shift from selling electricity to Taipower to a business model that is entirely based on direct sales of electricity to corporations.
The project is located 35 km off the coast of Taichung City and plans to install 33 wind turbines with a total capacity of 500 MW.
Completion is expected by the end of 2027 and will secure a stable supply of green power to Taiwanese companies.
The full Fengmiao I offshore wind project will have a total capacity of 1,800MW.
Jan De Nul signed preferred supplier agreement with CIP back in January 2024 for the installation of subsea high-voltage export cable for the project, while CSBC-DEME Wind Engineering (CDWE), a joint venture set up by Belgian DEME and Taiwanese shipbuilder CSBC, is in charge of the transport and installation of foundations.
