Taiwan

The debt investment marks AMP Capital's first in Taiwan and supports the construction of Formosa 2, a 376MW offshore wind project.

The developer, which the infra fund manager grew from scratch to more than 400MW, is building the world’s largest floating solar platform in Taiwan.

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

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.

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.

After an unexpected feed-in-tariff cut, investors and developers ponder whether they have overlooked political risks in a seemingly promising market.

An unexpected cut in government subsidies threw the island’s offshore wind market into disarray. Now, Taipei is trying to convince worried renewables investors to stay.