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Formosa 4 & Formosa 5 Offshore Wind Farm

Formosa 4 & Formosa 5

Formosa 4 and Formosa 5 Offshore Wind Farms, which would cover a large maritime area located 18 to 20 kilometers off the coast of Miaoli County in northwestern Taiwan, are the two new projects jointly developed by Swancor Renewable Energy (SRE) and the Taiwan Team.

After taking part in the development of Formosa 1 Offshore Wind Farm, Taiwan’s first commercial offshore wind, and Formosa 2, SRE, optimistic about the potential of developing offshore wind in the Taiwan Strait, announced in September 2020 a mega-scale portfolio of offshore wind projects which includes Formosa 4-1, Formosa 4-2 and Formosa 4-3. Given the bidding mechanism under the Guidelines for Third Round of Offshore Wind Auction published by the Ministry of Economic Affairs, SRE decided to adjust the development strategy for the next three years by re-naming the fixed-bottom project “Formosa 4-3” into “Formosa 4”, and the floating project “Formosa 4-2”into “Formosa 5”. Each of the projects also welcomes its unique project logo, which enhances the development characteristics that are different between fixed foundation and floating foundation.

Formosa 4 and Formosa 5 combined hold a potential capacity of 4.4GW that could power up to 4.5 million households. With forward-thinking design of floating foundation and the appeal of establishing the technology in the country to facilitate the development of local supply chain, the new portfolio of SRE pertinently echoes the government's expectation for localization, and has thus attracted leading companies in the local market to take part in the development and contributed to the establishment of the Taiwan Team.

The Taiwan Team, formed by Swancor Renewable Energy (SRE), Tien Li Offshore Wind Technology, Yeong Guan Energy and J&V Energy Technology, is a combination of the leading development, supply chain, technology, construction and O&M expertise that Taiwanese companies have to offer and unites this expertise into this consortium of 4 partners, which today will jointly lead the ambition of Taiwan to have its renewable energy Taiwan-made. The partnership endeavors to apply each local company’s expertise and proven ability to drive the development of the next stage of Taiwan’s offshore wind market and continue the energy transition of Taiwan to a greener future.

Development of Formosa 4 and Formosa 5 is expected to begin after having EIA approval, required permits and contracts in place and reaching financial close. Swancor Renewable Energy (SRE) expects that Formosa 4 and Formosa 5 will achieve operation post-2025.

We support the government's goal to promote the offshore wind industry to become Taiwan’s next economic pillar. We are willing to fulfill our corporate social responsibilities, gather and integrate the resources of the Taiwan team, unleash our advantages, build talents, and cultivate industrial clusters. Let Taiwan's offshore wind power gain a place in the global market.