DONG Energy invests in Taiwan’s first offshore wind project Formosa I

DONG Energy has signed an agreement to acquire a 35% ownership interest in the Taiwanese offshore wind project Formosa I from local developer Swancor Renewable. Completion of the transaction is subject to a number of conditions precedent including approval from the EU and from the Investment Commission under Taiwan’s Ministry of Economic Affairs.

About the partners

Macquarie Group (ASX: MQG, ADR: MQBKY) is a global financial services provider. It acts primarily as an investment intermediary for institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie employs more than 13,800 people in 27 countries. At 30 September 2016, Macquarie had assets under management of AUD 493.1 billion. Macquarie Capital provides corporate finance advisory and capital market services to corporate and government clients involved in public and private mergers and acquisitions, debt and equity fund raisings, private equity raisings and corporate restructuring. Macquarie - and its managed funds - is one of the world’s largest investors in renewable energy. Our support for the renewable energy and clean technology sectors is part of a broader commitment to infrastructure. Macquarie has more than AUD 136 billion of infrastructure assets under management globally and co-invests alongside the world’s leading institutional investors including public sector pension funds. 

Swancor Holding (TWSE: 3708) is a leading fine chemical and composite material maker. Swancor Renewable is a wholly owned subsidiary and has been engaged in Formosa I, Taiwan first offshore wind farm, since 2013.
Phase I 8MW of Formosa I is already installed and undergoing commissioning. Swancor Holding focuses on environmental protection and green energy materials including anti-corrosion resin, wind turbine blade resin and carbon fiber composite with leading market shares in China and Taiwan. Formosa Plastic (TWSE: 1301) and Goldwind Technology (HKSE:  2208) are strategic partners in relative fields.
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