offshore wind

The firm is part of a consortium of 20 international and local lenders that will provide project financing for the Macquarie Capital-backed Formosa II.

The transaction marks the energy company’s second investment in a Macquarie Capital-backed offshore wind project in Taiwan.

Britain's offshore wind industry has come of age at a startling rate and presents new market dynamics for the sector.

The firm’s newest European fund has bought a chemical parks supplier, while the group has also acquired two offshore wind farms.

Most of the EIAs local firms have launched are located in the selected areas, a source said.

The acquisition of a 95% stake in the renewables division of chemical manufacturer Swancor, includes a stake in the 376MW Formosa II project.

Sources warn of diminishing support from export credit agencies as the country steps ups its localisation requirements.

Company cites preparatory work over the supply chain, including local content requirements, for delay over Taiwan’s 640MW wind project.

A lengthy approval process needs to be halved if the country is to meet its goal of installing 10GW of wind capacity by 2030, law firm White & Case says.

The Japanese trading house has partnered with SMBC and the Development Bank of Japan to raise a ¥30 billion fund that will invest in offshore wind investments abroad.