Formosa II is a 376MW offshore wind power project. The project is located in Taiwan Strait, Miaoli County, Taiwan. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently active. It has been developed in multiple phases. The project construction commenced in 2020 and subsequently entered into commercial operation in July 2022. Buy the profile here.
Smarter leaders trust GlobalData
Description
The project was developed by Sea Wind Power. JERA, Green Investment Group, Stonepeak Partners and Swancor Holding are currently owning the project having ownership stake of 49%, 26%, 23.75% and 1.25% respectively.
The wind turbines in the Formosa II Phase I are installed on fixed foundations. An array of jacket foundations feature in the phase.
The wind turbines in the Formosa II Phase II are installed on fixed foundations. An array of jacket foundations feature in the phase.
The project supplies enough clean energy to power 380,000 households, offsetting 18,750,000t of carbon dioxide emissions (CO2) a year.
Development status
The project is currently active. The project construction commenced in 2020 and subsequently entered into commercial operation in July 2022.
Power purchase agreement
The power generated from the project is sold to Taiwan Power under a power purchase agreement. The power is sold at the rate of $0.188kWh for a period of 20 years. The contracted capacity is 376MW.
Contractors involved
Siemens Gamesa Renewable Energy was selected as the turbine supplier for the wind power project. The project consists of 47 units of SG 8.0-167 DD turbines, each with 8MW nameplate capacity.
Siemens Gamesa Renewable Energy is the O&M contractor for the Formosa II (Formosa II Phase I) for a period of 20 years.
Siemens Gamesa Renewable Energy is the O&M contractor for the Formosa II (Formosa II Phase II) for a period of 20 years.
For more details on Formosa II, buy the profile here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
