MOL to Join Offshore Wind Power Project off Taiwan - Advancing toward Clean Energy Production through Participation from Construction Phase -
Japan, May 9 -- Mitsui O.S.K. Lines, Ltd. (MOL) has agreed to acquire a 10% stake in CI Fengmiao Ltd from Copenhagen Infrastructure Partner P/S (CIP; Partner and Head of Asia-Pacific: Thomas Wibe Poulsen; Headquarters: Copenhagen), a Danish renewable energy fund, in order to gain insights by participating in the offshore wind power business from the construction phase.CI Fengmiao is a 100% shareholder of Feng Miao Offshore Wind Farm, that CIP is developing in Taiwan. The project's wind farm has a generating capacity of 495 MW, which is equivalent to the electricity used by about 650,000 households in Taiwan.MOL's investment in the project is expected to total around ꔥ billion.The construction of the offshore wind farm began simultan...
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