26 °C Singapore, SG
October 27, 2021
Latest News
Analysis: Nine key moments that changed China’s mind about climate change Espinosa Warns of ‘Catastrophic’ Consequences if COP 26 Fails Rolls-Royce successfully carries out test flight on 100% SAF Shanghai Electric unveils 11MW offshore wind turbine GE’s mobile solution picked for Australian power project India: Are we ready to implement energy transition initiatives? Climate Finance Faces $75-Billion Gap as COP 26 Looms China to End International Coal Financing after ‘Profoundly Important’ UN Statement Steelanol plant gears up for bioethanol production next year MingYang Launches World’s Largest Offshore Hybrid Drive Wind Turbine RWE eyes Japanese floating offshore wind with Kansai Electric Power India expanding investments in renewables after 2020 decline Shipping power in batteries from offshore wind farms Blockchain for solar panel recycling in Japan Southeast Asia pins hopes on carbon capture to cut emissions Delivery Hero sustainability chief: we need to decouple ‘hyper’ business growth from carbon emissions In-depth Q&A: The IPCC’s sixth assessment report on climate science Distillery buys two biogas engines that will boost bioethanol production GE H-Class turbines help power plant operators with renewable energy transition GE Gas Turbine upgrade assists Keppel Infrastructure’s carbon abatement goals BlackRock Real Assets to back Korean offshore wind farm project CIP to sell minority stake in Taiwanese offshore wind cluster Nearly 76 Gigawatt-Hours of Battery Cells Produced in U.S.A 2010–2020 Melting tropical glaciers sound an early warning Enhanced cooperation on renewable energy transition between International Renewable Energy Agency and China Decarbonising industry is key to China’s net-zero strategy Carbon Brief’s China weekly digest. Rising seas could cost Asia’s biggest cities US$724 billion by 2030 Electric Vehicle Growth is Accelerating but its Given Rise to a New Social Faux Pas Southeast Asia PR industry launches working group to curb greenwashing

CIP to sell minority stake in Taiwanese offshore wind cluster

Copenhagen Infrastructure Partners has agreed to sell a 25% stake in its 595MW Changfang and Xidao wind farms off Taiwan.

Thai power company Global Power Synergy Public Company (GPSC) will acquire the stake through its wholly owned subsidiary, Global Renewable Synergy Company (GRSC).

Copenhagen Infrastructure Partners will remain the majority owner through its II K/S (CI-II) and III K/S (CI-III) funds. It will continue to lead development of the wind farm, which is due to start commercial operations in the first quarter of 2024.

Closing of the transaction is subject to certain conditions, including approval from several Tawianese government departments.

CIP partner Michael Hannibal said the sale of the minority stake recognises the value the investors had added to the project during the development phase and initial construction phase.

The wind farms – 95MW Changfang Phase 1 Changfang Phase 1 (95MW) Offshoreoff Changhua, Taiwan, Asia-Pacific Click to see full details446.5MW Changfang Phase 2 Changfang Phase 2 (446.5MW) Offshoreoff Changhua, Taiwan, Asia-Pacific Click to see full details and 47.5MW Xidao Xidao (47.5MW) Offshoreoff Changhua, Taiwan, Asia-Pacific Click to see full details – are due to feature 62 of Vestas’ V174-9.5MW turbines.

Copenhagen Infrastructure Partners secured grid capacity for the projects in 2018 and entered into a 20-year power purchase agreement with the state-owned Taiwan Power Company in 2019.

GPSC is a subsidiary of Thai energy company PTT Public Company.


Leave a Reply

Your email address will not be published. Required fields are marked *