MORE POWER: The money is to be used to install 20 extra turbines at Formosa I Wind Power Co in Miaoli County to produce an extra 120 megawatts of capacity

Taipei Times
Date: Mar 10, 2018
By: Kuo Chia-erh  /  Staff reporter

Materials manufacturer and wind farm developer Swancor Holding Co Ltd (上緯) yesterday said it plans to secure NT$16 billion to NT$17 billion (US$546.1 million to US$580.2 million) in project financing from banks in the second quarter of this year to fund ongoing offshore wind farm projects.

“The money will ensure sufficient capital for Formosa I Wind Power Co (海洋風電公司) to add extra capacity of 120 megawatts by installing 20 turbines next year,” Swancor chairman and president Robert Tsai (蔡朝陽) told a media briefing in Taipei.

Formosa I, which began commercial production last year, operates two offshore wind turbines with a combined capacity of 8 megawatts in Miaoli County.

Swancor is also working on another two offshore wind farms, Formosa II (海能風電) and Formosa III (海鼎風電), which are expected to become operational in 2020 and 2025 respectively, with planned capacity of nearly 500 megawatts and 2 gigawatts respectively.
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