Taiya Renewable Energy (TRE) announced its collaboration with Cyan Renewables by signing a memorandum of understanding (MoU)

　　Taiya Renewable Energy announced today (31th May) its collaboration with Cyan Renewables, a well-known offshore wind vessel company based in Singapore, by signing a memorandum of understanding MoU. Taiya Renewable Energy aims to proactively deploy vessels to enhance the capacity for wind farm construction.

　　Richard Liu, General Manager of Taiya Renewable Energy, stated that as countries worldwide are vigorously developing offshore wind energy, demand exceeds supply, and various developers are competing for different types of work vessels. Even if vessels are available for rent, the costs are significantly increased. The collaboration with Cyan provides an added layer of assurance, enhancing the supply capacity of work vessels for offshore wind power in Taiwan and facilitating smooth progress in wind farm construction. With 30 years of experience operating maritime engineering vessels globally, Cyan's fleet includes Crew Transfer Vessels (CTV), Service Operation Vessels (SOV), Foundation Installation Vessels (FIV), Wind Turbine Installation Vessels (WTIV), and Cable Laying Vessels (CLV). It is believed that Cyan can provide stable and reliable top-notch services for the construction of offshore wind farms in Taiwan.

　　Liu further pointed out that as the only local offshore wind farm developer in Taiwan, Taiya Renewable Energy fully supports the government's energy transition policy. In the past, it has introduced advanced international technologies and resources multiple times, acting as an important bridge for overseas investors entering Taiwan's renewable energy industry. The signing of this MoU once again demonstrates that Taiwanese companies have the capability to develop offshore wind farms and showcases the Taiwanese government's steady and gradual ambition to achieve renewable energy development.

　　Keng-Lin Lee, Chief Executive Officer of Cyan Renewables stated that choosing Taiya Renewable Energy as the primary partner for entering Taiwan is not only due to Taiya's international collaboration potential but also to deeply understand Taiwan's government policy direction through its rich experience and local advantages. Lee further expressed the hope that based on the MoU, in addition to enhancing the capacity of work vessels for offshore wind farms in Taiwan, there is also the possibility of investing in key infrastructure for Taiwan's offshore wind power.