Ørsted, HSG Sungdong Sign Foundations Contract for Wind Farms Offshore Taiwan | Offshore Wind - Offshore WIND
Ørsted, HSG Sungdong Sign Foundations Contract for Wind Farms Offshore Taiwan | Offshore Wind
Ørsted, HSG Sungdong Sign Foundations Contract for Wind Farms Offshore Taiwan
Ørsted has signed a contract with South Korea’s HSG Sungdong Shipbuilding for the supply of foundations for the 920 MW Greater Changhua 2b & 4 offshore wind farms in Taiwan.
Ørsted signed the contract with HSG Sungdong, worth hundreds of billions of Korean won, in the presence of the Danish Ambassador Svend Olling, Ørsted Korea Country Manager Seung-Ho Choe, Project Development Director Jonas Solhøj, and HSG Sungdong CEO Jinsang Lee.
In March, the developer made the final investment decision on the Greater Changhua 2b & 4 offshore wind farms.
The project is set to use suction bucket jacket foundations, the first time this type of foundation will be installed in Asia Pacific.
Ørsted secured 920 MW of grid capacity for the offshore wind farms in 2018 in Taiwan’s first competitive price-based auction with no mandatory local content requirements. Two years later, the developer signed a corporate power purchase agreement (CPPA) with Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the offtake of the full production from Changhua 2b and 4.
The offshore wind farms will comprise around 65 wind turbines with an individual output of 14 MW installed some 35-60 kilometres off the Changhua coast.
By the end of 2025, when the new Changhua 2b and 4 offshore wind farms are built, Ørsted will have more than 1.82 GW of operational offshore wind capacity in Taiwan.
The company is currently building the 900 MW Greater Changhua 1 and 2a offshore wind farms, slated for full commissioning this year, and is the co-owner of Taiwan’s first commercial offshore wind farm, the 128 MW Formosa 1, operational since 2019.
ADVERTISE ON OFFSHOREWIND.BIZ
Get in front of your target audience in one move! OffshoreWIND.biz is read by thousands of offshore wind professionals daily.
Follow offshoreWIND.biz on:
Related Knowledge Center: Offshore wind energy
Over the next decade, U.S. offshore wind power is expected to grow from a single 30-megawatt wind farm off Rhode Island to more than 2,000 MW of capacity along the Atlantic Seaboard. There are contracts for wind power off the coasts of Massachusetts, Connecticut, New York, Maryland, New Jersey, Rhode Island, and Virginia.
The National Renewable Energy Laboratory has estimated the United States has over 4,000 gigawatts (GW) of offshore wind potential, enough to power the country four times over.
The growth in part being spurred by state solicitations, including in New York, where then-Gov. Andrew Cuomo (D) set a commitment of 9,000 MW of offshore wind by 2035, and in Connecticut, where in June 2021, Gov. Ned Lamont (D) signed legislation authorizing the construction of 2,000 MW of offshore wind by 2030.
The offshore development is also being driven by an investment tax credit set to end in December 2019 and is equal to 12 percent of expenditures. U.S. Sens. Susan Collins (R-Maine) and Tom Carper (D-Del.) have introduced a bill to extend the tax credit for up to eight years.
The Interior Department has held eight competitive lease sales that resulted in 15 offshore wind leases over 1.7 million acres that has the potential for 21 GW of capacity. In February 2022, the Bureau of Ocean Energy Management completed a bidding process that realized $4.37 billion for 488,000 acres across six lease areas in federal waters off New York and New Jersey.
Projects have also been proposed off the Southeast coast, off California and Hawaii, and for the Great Lakes.