Photo by Nicholas Doherty on Unsplash.
TotalEnergies, Corio partner to develop offshore wind projects in Taiwan
Corio will continue to hold the majority of the shares.
TotalEnergies and green investment group, Corio Generation, signed a joint venture partnership to develop Formosa 3 offshore wind farms in Taiwan which consists of three proposed projects.
In a statement, TotalEnergies said Corio will remain the majority shareholder and lead developer with 50% plus 10 shares overall in the project.
READ MORE: JERA completes Formosa 2 offshore wind project in Taiwan
The Formosa 3 project is composed of three wind farms, Haiding 1, 2, and 3, located in Chanhua country on Taiwan’s central-western coast. Haiding 2 wind farm has been awarded a 600-megawatt grid capacity in December 2022, following the first phase of the market’s Round 3 auctions.
TotalEnergies and Corio developed wind farm projects in the UK, South Korea, and France.
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