Copenhagen Infrastructure Partners (CIP) on today [August 28] announced that its Fengmiao Offshore Wind Project had on today submitted the original copy of a NTD 1-billion performance bond issued by the bank to the Ministry of Economic Affairs, fully completed the application procedure for signing the administrative contract.

The Fengmiao Project was ranked the first place of the Round 3-1 selection, proving that its financial capability, technical capability as well as localization level were highly recognized. The Fengmiao Project has been actively negotiating with potential off-takers of corporate power purchase agreement (CPPA) and positive progress has been made. The Fengmiao Project has secured preferred supplier agreement for key contracts. With a high degree of control over its capital expenditure, component manufacturing and construction schedule, the project holds good faith of delivery on schedule in 2027.

In order to ensure the fairness of the Round 3 development process, optimize the future planning of wind farms, and safeguard the national energy transition goals, CIP calls on the government to make the un-allocated capacity in Round 3-1 available as soon as possible after the Round 3-1 administrative contract application deadline at August 30.

With regard to allocation criteria of Round 3-2, CIP strongly requests the government to reference the past established mechanisms, allowing exchange of opinions via official communication channels, including convening formal consultation meetings and receiving of written recommendations via official letters. This is to avoid unnecessary speculations which hinders consolidation of industrial feedbacks.

As the first developer to complete the signing of administrative contract among Round 3-1 projects, CIP looks forward to supporting the energy transition policy of Taiwan. CIP will work with the government, local supply chain partners, off-takers and financing institutions to realize the first offshore wind project around the globe that sells electricity through a CPPA while implementing significant level of localization at the same time.