offshore wind

Macquarie’s GIG and EnBW will retain 31.25% and 25%, respectively, in what will become the world’s largest offshore wind farm.

Taiwan Life and TransGlobe Life have acquired a minority stake in the 600MW Changfang and Xidao offshore wind project, while the Danish fund manager will retain its majority stake through the construction phase.

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.