The wind farms are located 11 km off the west coast of Taiwan and consist of 62 Vestas V174 turbines and jacket foundations supplied by Taiwan's Century Wind Power. When fully operational, Changfang-Xidao will generate enough renewable energy to power around 650,000 local households and will deliver an annual expected CO2 reduction of 1.1 million tons.
Changfang-Xidao are CIP's first offshore wind farms in Asia Pacific, which has developed into a key offshore market. CIP has a portfolio of 21 GW offshore wind in the Asia Pacific and is among the frontrunners in the build-out of offshore wind in Korea and Australia, as well as Taiwan.
Christina Grumstrup Sørensen, Senior Partner at CIP, says, "The inauguration of Changfang-Xidao is a landmark for CIP as well as for the offshore wind industry in Taiwan."
Mads Skovgaard Andersen, Partner at CIP, added, "I would like to thank and congratulate the construction team and our supply chain partners on reaching this important milestone. Your stamina, dedication, and problem-solving skills have been instrumental for the success of Changfang-Xidao and have enabled the construction of a project that stands out as a testimony to the professionalism of the offshore supply chain here in Taiwan."
Changfang-Xidao is majority owned by CIP's Flagship funds CI II and CI III. Thailand-based Global Power Synergy Public Company and two Taiwanese life insurance companies, Taiwan Life and Transglobe Life, each own minority stakes. The project was constructed by a team led by Copenhagen Offshore Partners, CIP's exclusive offshore wind development partner, and the local Copenhagen Infrastructure Service Company, the global service provider to CIP.
With a target size of €12 billion, CIP's fifth flagship fund, CI V, is set to become the largest of its kind globally. The fund aims to invest in a range of technologies from wind and solar PV to energy storage across Europe, North America, and Asia Pacific. A third of the projected projects in CI V are expected to be developed in Asia Pacific.
