Published: 11 March 2020 11 March 2020
JERA, Macquarie’s Green Investment Group (GIG) and EnBW Energie Baden-Württemberg (EnBW) have reached an agreement on the development of the Formosa 3 offshore wind project in Taiwan.
JERA now holds 43.75% of the project, with both GIG (31.25%) and EnBW (25%) retaining material stakes and remaining committed to Formosa 3’s ongoing development. Formosa 3 is an offshore wind project in Changhua county off the central-western coast of Taiwan. It’s comprised of three separate sites, with a total potential capacity of 2GW. GIG and EnBW have been developing the project to date and intend to pursue capacity in Taiwan’s next round of grid allocations, expected in 2020. Formosa 3 achieved its Environmental Impact Assessment approval in 2018.