Subsea 7 scores further Taiwan work

In: Windfarms
16/07/2020
Subsea 7 has announced the award of a 'sizeable' contract for the installation of the submarine cable system on an undisclosed offshore wind farm project in Taiwan.

Project engineering will commence immediately at Seaway 7’s offices in Leer, Germany and in Taipei, Taiwan. Offshore activities are expected to commence in 2023.

The contract is subject to a final investment decision by the client and Subsea 7 will record the contract in backlog once that decision has been made. At this time, Subsea 7 declined to add further details due to contractual reasons.

Taiwan holds strong potential for renewable energies, with its positive government outlook. After deciding to phase out nuclear power by 2025 – with nuclear energy accounting for some 40% of power generation in the past – the Taiwanese government aims to make up for the resulting shortfall by expanding renewable energies, especially offshore wind power. The government expects to see 15.5 GW of offshore wind in operations by 2035, with 10 GW installed between 2026 and 2035.

Two projects are currently in operation off the Taiwanese coast,
Formosa 1 Phase 1 and Formosa 1 Phase 2, representing a combined capacity of 128 MW. Construction works are heating up on a number of projects with over 3.4 GW past the consent phase. A number of European developers are behind them, supporting supply chain development for future projects.

For more information on the Taiwanese offshore wind market overall,  
click here. You can also view projects worldwide on 4C Offshore's Interactive map.  

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