Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has agreed to sell a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Japanese shipping company Mitsui O.S.K. Lines (MOL).
Fengmiao I is CIP’s third offshore wind development in Taiwan and is located off the coast of Taichung County. The project began development in 2020 and secured site exclusivity and grid allocation through Taiwan’s Round 3.1 auction in December 2022. Construction began following financial close in March 2025, and the wind farm is expected to be completed by the end of 2027.
The project is financed through a mix of equity and senior debt provided by a consortium of 27 international and Taiwanese banks and financial institutions. The financing is partially backed by four export credit agencies and Taiwan’s National Credit Guarantee Administration.
Once operational, Fengmiao I will supply electricity under long-term power purchase agreements to six local and international energy users in Taiwan, covering its entire capacity.
MOL, which is acquiring the minority stake, operates a global fleet of approximately 900 vessels and is also active in social infrastructure businesses including dry bulk, product transport, and energy and offshore sectors.
