COPENHAGEN, Denmark and TAIPEI, Taiwan, June 26, 2024 (GLOBE NEWSWIRE) -- The
Zhong Neng offshore wind farm, a joint venture between Copenhagen Infrastructure
Partners ("CIP") through its fund Copenhagen Infrastructure IV ("CI IV") and
China Steel Corporation ("CSC"), has today achieved a significant milestone with
the delivery of first power.
Zhong Neng received local content plan approval from the Taiwan government in
November 2019 and is the only second wind farm in Taiwan's offshore wind history
to fulfill the highest localisation requirements. The first was the CIP-owned
Changfang-Xidao offshore wind farm, which was recently inaugurated.
The first turbine on Zhong Neng was installed in May 2024 and a third of the
wind turbines are now installed. Completion of all offshore installation work is
expected in the third quarter of 2024 followed by full grid connection by year-
end. Once fully operational, Zhong Neng will provide clean energy to
approximately 300,000 households in Taiwan.
"We are very pleased to have reached this important project milestone in close
collaboration with our partner, CSC. The successful delivery of first power
demonstrates our joint project execution capabilities and I would like to thank
all our partners and congratulate the Zhong Neng team for reaching this
landmark," said Mads Skovgaard Andersen, Partner at CIP. "Zhong Neng achieving
first power and last month's inauguration of Changfang-Xidao are both
significant contributions to Taiwan's energy transition."
"The concerted efforts of shareholders CSC and CIP, the Zhong Neng team, and our
supplier and contractor partners have ensured that all foundations were
fabricated and installed - and that the electrical facility was successfully
completed earlier this year. These achievements have paved the way towards
successful turbine installation and power generation and offshore construction
has progressed smoothly since the first turbine installation was announced in
May," Zhong Neng Chairman Wang Shyi-chin said. "We are committed to achieving
full grid connection of the Zhong Neng project on schedule this year, which is
not only our responsibility to our partners, but also our commitment to Taiwan's
energy transition."
Since entering Taiwan in 2017, CIP has been committed to offshore wind in the
country and has invested significantly in developing Taiwan's offshore wind
projects, supply networks and fostering a strong industry ecosystem. CIP and
other partners currently have three offshore wind projects in Taiwan with a
combined capacity of approximately 1,400 MW: Changfang-Xidao (600 MW), Zhongneng
(300 MW), and Fengmiao (500 MW).
About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the
world's largest dedicated fund manager within greenfield renewable energy
investments and a global leader in offshore wind. The funds managed by CIP focus
on investments in offshore and onshore wind, solar PV, biomass and energy-from-
waste, transmission and distribution, reserve capacity, storage, advanced
bioenergy, and Power-to-X.
CIP manages 12 funds and has to date raised approximately EUR 28 billion for
investments in energy and associated infrastructure from more than 160
international institutional investors. CIP has approximately 500 employees and
12 offices around the world. For more information, visit www.cip.com
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