CIP's Fengmiao Phase 1 Offshore Wind Farm and Far EasTone Officially Sign CPPA

Copenhagen Infrastructure Partners (CIP), through its fifth flagship fund, Copenhagen Infrastructure V (CI V), announced today (13th) that Fengmiao Phase 1 Offshore Wind Farm has formally signed a Corporate Power Purchase Agreement (CPPA) with Far EasTone Telecommunications. This collaboration marks a significant step forward in advancing Taiwan's renewable energy development and sustainable transformation.

Thomas Wibe Poulsen, APAC Regional Partner for CIP and Chairman of Fengmiao Offshore Wind Farm, stated that Far EasTone's decision to partner with the Fengmiao Phase 1 Offshore Wind Farm demonstrates not only its firm commitment to carbon reduction and sustainable development but also its strong confidence in CIP's engineering and financial planning capabilities. With project financing for the Fengmiao Phase 1 Offshore Wind Farm nearing completion, construction of the wind farm is scheduled to commence officially within the year. This project will be the first in Taiwan’s Phase 3 Zonal Development to achieve financial close and enter the construction phase. It underscores a steadfast advancement of Taiwan's energy transition and supports leading enterprises like Far EasTone in contributing to the nation's sustainable development.

Chee Ching, President of Far EasTone, remarked that addressing climate change is an urgent priority. Far EasTone is honored to collaborate with CIP's Fengmiao Phase 1 Offshore Wind Farm in signing a long-term corporate green power agreement, further expanding its diversified portfolio in the renewable energy sector. This partnership not only ensures a stable and efficient supply of green electricity but also establishes a solid foundation for Far EasTone’s journey toward achieving net-zero emissions.

The Fengmiao Phase 1 Offshore Wind Farm is located approximately 35 kilometers off the coast of Taichung City. The project plans to install 33 wind turbine generators with a total capacity of 500 MW. It is scheduled for completion by the end of 2027, with the primary objective of providing a stable supply of green electricity.