Innogy Enters Taiwan’s Offshore Wind Market through Strategic Local Partnership

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 innogy, one of Europe’s leading energy
companies, has partnered with Asia Cement Corporation to continue the
development of a major offshore wind project off the coast of Taiwan. The two
companies have agreed a strategic partnership to further develop the Chu Feng
offshore wind project, which intends to participate in the next grid
allocation round in Taiwan. With a planned installed capacity of up to 448
megawatt (MW), it will be located off the northwest coast of Taiwan near
Hsinchu City, in the wind-rich Taiwan Strait.

innogy opened a local office in Taipei in 2018 to drive its business in Taiwan
and the wider Asia-Pacific region with a target to build up regional knowledge
and expertise by joining forces with local partners. The partnership for the
Chu Feng offshore wind project is a perfect strategic fit for innogy and
another milestone in capturing value accretive growth options in the field of
offshore wind.

Sven Utermöhlen, Senior Vice President Renewables Operations Offshore at
innogy SE, explained: “The government has plans to considerably increase the
role of offshore wind energy in Taiwan’s electricity production. The Chu
Feng project will enable us to enter this growing market with a strong local
partner at our side, whose local expertise complements our global experience
and technical know-how, and who share our ambition to drive the growth of
offshore wind in Taiwan.”

Henry Wu, the CEO of the Chu Feng Preparatory Office, stated: “We are
pleased that innogy, with their extensive offshore wind experience, are on
board with us in the development of the Chu Feng offshore wind project. The
Far Eastern Group is committed to develop green energy to reduce our carbon
footprint and support the government in meeting its renewable energy targets,
and have ambitions to grow our wind power business in Taiwan.”

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