The first phase of offshore wind power block development was selected and the contracting process was completed for CIP's buoyant Myo Wind Farm.

https://udn.com/news/story/7238/7268770

Offshore Wind PowerThe deadline for signing the contract for the first phase of block development is today, and Copenhagen Infrastructure Fund (CIP)'s Koumyou Wind Farm has announced that it has submitted the necessary documents for signing the administrative contract in accordance with the Ministry of Economy's regulations and timetable on the 29th, and has prepared all the necessary documents for signing the administrative contract.New Taiwan DollarsA performance bond of $1 billion.

CIP stated through a press release that since its entry into Taiwan in 2017, it has established a deep partnership with the local supply chain, and that 渢myo wind farm will not only continue to work closely with it, but will also supply several industrial giants in Taiwan.Green PowerIn addition, the company will help to achieve the carbon reduction target to stabilize the competitiveness of Taiwan enterprises in the international market.

The CIP called on the government to expedite various administrative issues, including support to power purchasers to strengthen their credit ratings, establish a reasonable mechanism for reserve supply capacity, optimize the process of selling electricity for revenue and green certificates prior to obtaining electricity licenses, and enhance inter-ministerial coordination to expedite the obtaining of key permits.

CIP expressed that it is confident that the government will sign and fulfill the administrative contract with CIP in accordance with the spirit of the Administrative Procedure Act, based on the principles of fairness, reciprocity, equal treatment, and public-private partnership. CIP hopes that the government will work together to promote the steady development of Taiwan's offshore wind power industry, and to realize the goals of energy transformation and net-zero carbon emissions.

The first phase of offshore wind power block development capacity allocation results were officially finalized at the end of last year, with a total of six groups of developers and seven offshore wind farms allocated capacity, which will add 3GW of installation capacity, and the wind farms are expected to be completed and connected in 2026 and 2027. Currently, only Tianfeng New Energy's 165MW Dartian wind farm is confirmed to be withdrawn.