Formosa 2 Offshore Wind Project Achieves Commercial Operation Date (COD) in Taiwan


Taipei, September 08, 2023 – Formosa 2 today (08) announced to be the first Round 2 offshore wind project in Taiwan to achieve Commercial Operation Date (COD). This marks a significant milestone for the project, entering the Operation and Maintenance (O&M) phase.

Overcoming numerous challenges, the project consistently advanced key milestones throughout the COVID-19 pandemic, completed the installation of all 47 wind turbines in January 2023 and achieved full grid connection in March. Reaching COD is a pivotal moment for this project-financed investment, affirming the confidence of Formosa 2’s shareholders and lenders.
Formosa 2 has set up and established O&M facilities in both Taichung City and Taichung Port. This includes a state-of-the-art control center, 24/7 monitoring and specialized maintenance teams.

Nathalie Oosterlinck, Managing Executive Officer & Head of Global Renewable Energy Division JERA stated, "The achievement of commercial operations for Formosa 2 marks a significant milestone in Taiwan's energy transition. Along this construction journey, JERA has demonstrated our unwavering commitment and has established a diverse and experienced team. Leveraging this strong foundation, we are not only providing clean energy to businesses and households in Taiwan through Formosa 1 and Formosa 2 but also ensuring their seamless and efficient operation. We would like to express our gratitude to all stakeholders who have supported us. We were able to achieve this result through great collaboration.

Dr. Jeffrey Chen, Chair of Macquarie Asset Management’s Green Investment Group (GIG), Taiwan, said, “Reaching commercial operation is an important achievement for Formosa 2 that marks another major step in Taiwan’s green energy transition, we are delighted to have played a part in making it happen. Together with our on the ground specialist Corio Generation, we look forward to continuing investing in wind energy and progressing other offshore wind projects that will deliver more clean and reliable energy to the local communities in Taiwan.”

Lucas Lin, chairperson of Synera Renewable Energy (SRE), stated, “Formosa 2 is the second offshore wind project SRE participated in and delivered. We’re proud to see it entering commercial operation and unfolding a new chapter of offshore wind development for Taiwan. SRE has played an integral role in all stages of Taiwan’s offshore wind development. Looking forward, we will dedicate ourselves to delivering Formosa 4 on schedule and to specification and joining the next auction with a new project combination – Formosa 6 and Formosa 7. We aspire to turn us over a decade of experience and expertise to good account in neighboring markets and drive the net-zero transition for the Asia-Pacific.”

Formosa 2 is a joint development project by JERA (49%), Macquarie Asset Management’s Green Investment Group (26%), and Synera Renewable Energy (25%). GIG is supported by its portfolio company, Corio Generation.


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