Page 12 - AsiaElec Week 26 2022
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AsiaElec RENEWABLES AsiaElec
Corio, JERA to bid in Taiwan’s
third offshore bidding round
3 with Formosa 3
JAPAN JAPANESE utility JERA and Corio Genera- The Formosa 3 venture aims to gain the rights
tion, the new specialist offshore wind business to 2 GW of offshore capacity in three separate
of Macquarie’s Green Investment Group (GIG), areas when Taiwan aims allocates up to 10 GW of
announced on 30 June that they were ready to offshore capacity during its next licensing round.
bid for the third phase of Taiwan’s offshore wind Formosa 3 achieved its environmental impact
zonal development with their Formosa 3 project. assessment approval in 2018. Taipei has already
JERA and Corio (GIG at the time) have awarded 5.5 GW of offshore rights.
already partnered in Taiwan on the Formosa 1 It is estimated that, if built to full capac-
and Formosa 2 offshore wind projects, now in ity, Formosa 3 would generate enough green
operation and under construction, respectively. energy to power the equivalent of between 1.5
JERA joined the 2-GW Formosa 3 project to 2 million Taiwanese households. The project
in 2020 after reaching an agreement with GIG was granted Environmental Impact Assessment
and EnBW and acquiring 43.75 per cent of the approval in 2018.
project. Taiwan aims to have 5.7 GW offshore wind
Formosa 3, located offshore the Changhua capacity by 2025. Ørsted is also developing the
county off the central-western coast of Tai- 900-MW Greater Changhua 1 and 2a projects off
wan, comprises three separate sites with a total Taiwan, located 35-60km off the coast of Chang-
potential capacity of 2 GW, making it the largest hua County at water depths of 30-35 metres.
offshore wind project under development in Tai- Japanese utilities such as JERA are facing
wan, according to GIG. pressure from investors on one side and envi-
In March 2020, JERA increased its stake in ronmental activists on the other to reduce their
Formosa 3 to 43.75% after it bought shares from exposure to coal and to invest in renewables.
Macquarie’s Green Investment Group (GIG) and
German utility EnBW.
P12 www. NEWSBASE .com Week 26 29•June•2022
