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Corio Generation and JERA prep for Taiwan's next offshore wind auction

By: Tom Russell 01/07/2022 Corio Generatio

General Windfarms

Corio Generation and JERA have announced their intention to enter the next offshore wind auction round, slated for the third quarter of 2022.

Corio and JERA plan to bid for phase three of Taiwan’s offshore wind auctions through the Formosa 3 project. Comprising of three proposed wind farms in Changhua county on the central-western coast of Taiwan, the project received Environmental Impact Assessment (EIA) approval in 2018, with an EIA- approved capacity of around 2 GW.

Corio is a portfolio company of Macquarie’s Green Investment Group (GIG). Launched as a global offshore wind business in April 2022, now operating on a stand-alone basis.

“Our locally based team have strong experience in project development and operations gained from our previous projects in Taiwan,” said Jeffrey Chen, Chairman of Corio Generation Taiwan. “We believe our strong local knowledge and capabilities, combined with our international experience, make Corio the ideal partner to support Taiwan's green energy transition.”

JERA, is one Japan’s largest energy companies in terms of power supply, and aims to develop a large-scale renewable energy business centring on offshore wind and a zero-emissions thermal power generation business.

“Similar to Japan, Taiwan is now going through an energy transition, and we’re very happy to be part of Taiwan’s journey to develop offshore wind power from the very beginning,” said Koichi Tamura, Chairman and CEO of JERA Energy Taiwan.

Chen added: “Corio is delighted to join forces with JERA to develop Formosa 3 to its fullest potential. We are working to build the next generation of renewable energy infrastructure for Taiwan, delivering clean, reliable and affordable electricity, as well as economic opportunities for communities and businesses.”

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Corio Generation and JERA prep for Taiwan's next offshore wind auction

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