French energy and oil company TotalEnergies has partnered with renewable energy company Corio Generation to develop the Formosa III offshore wind farm in Taiwan.
Corio remains the majority owner and lead developer of the offshore wind farm, holding a total of 50% plus ten shares.
Corio Generation CEO Jonathan Cole said, “We are pleased to welcome TotalEnergies as our partner in the development of offshore wind farms in Taiwan.”
“Our two companies have a long-term relationship and strong experience in developing projects in Europe and the Asia-Pacific region, so we are very pleased to cooperate again in Taiwan.”
“Formosa III wind farms support job creation and provide many opportunities for local businesses to contribute to the green energy transition.”
Located in Changhua County on the central west coast of Taiwan, the Formosa III project consists of three proposed wind farms, namely Haiding I, II, and III.
Formosa III received Environmental Impact Assessment (EIA) approval in 2018 and has an EIA-approved capacity of approximately 2 GW.
In December last year, the Taiwan Energy Agency awarded 600 MW of grid capacity to the Formosa III Haiding II wind farm after the first stage of Taiwan’s Round III auction. In addition to Formosa III, TotalEnergies, and Corio have partnered to develop several other wind projects in the UK and France. Vincent Stoquart, Vice President of TotalEnergies Renewables said: “We are very pleased to work again with our strategic partner Corio, this time to develop offshore wind energy in Taiwan.”
“This is another step in supporting Taiwan’s energy transition by bringing sustainable and affordable energy to the country.”
“It also demonstrates our commitment to building our global multi-energy business model with investments to grow our global renewable energy portfolio from 17 GW in 2022 to 35 GW in 2025, in line with our goal of being among the five main renewable energy developers by 2030.”