By: Tsai Peng-min and Chi Jo-yao
Taipei, Jan. 20 (CNA) Orsted A/S, a Danish investor in offshore wind-power sites in Taiwan, has suspended its part in the nation’s offshore wind-power development program amid what it described as a re-evaluation of its investment in the country.
Orsted has informed its supply chain that it has suspended the execution of ongoing contracts to install wind-power facilities off the western coast of Taiwan, Wang Hsin-chieh (汪欣潔), the company’s official in charge of corporate communication, confirmed Saturday.
For those contracts that have not yet been carried out, the company will renew price negotiations with the relevant businesses, Wang said, explaining that the decision was made as Orsted is assessing whether or not to continue its Taiwan investment.
The suspended contracts include the construction of onshore substations with Taiwan Cogeneration Corp., underwater structures with China Steel Corp. (CSC) and Century Iron and Steel Industrial Co. Ltd. (CISI), according to Wang. [FULL STORY]