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British company partners with local firm to develop wind power

British company partners with local firm to develop wind power

Taipei, Oct. 27 (CNA) A leading British renewable energy development company has entered into a partnership with a Taiwanese firm to further develop wind power in Taiwan.
SeaEnergy PLC and Taiwan Generations Corp. (TGC) signed a Heads of Terms Agreement to jointly develop TGC's pipeline of offshore windfarm projects. It is the first offshore windfarm collaboration between the U.K. and Taiwan.
David Campbell, director of the Taipei-based British Trade and Cultural Office (BTCO) , said at the signing ceremony Tuesday that climate change is a global issue, and Taiwan, which is a major importer of energy, has every incentive to look to develop renewable resources.
"Both the U.K. and Taiwan are islands, long coast lines, and we have lots of offshore wind. So this looks to be a very important source of renewable energy for the U.K. and Taiwan to exploit, " Campbell said.
"We are delighted to witness this agreement between SeaEnergy and TGC. Both partners bring tremendous expertise and knowledge on this sector." Under the agreement, the two companies will jointly plan, construct and operate offshore windfarms in Taiwan, commencing with TGC's NT$40 billion (US$1.23 billion) Changhua offshore windfarm project that will have an installed capacity of up to 600 megawatts.
Joel Staadecker, CEO of SeaEnergy Renewables Ltd., the only listed offshore wind energy company in the U.K. and an expert in the field, said the partnership is a perfect way for his company to take its unique expertise overseas and explore new opportunities at relatively low risk.
"Renewable energy is one of the most important and rapidly growing industrial sectors on the planet and it's exceedingly important that Taiwan recognize this as an industrial sector, " Staadecker said.
To Taiwan, developing wind power means not only power generation, but also security of energy supply and price confidence, he added.
According to TGC President Lin Sin-yu, his company conducted a nearly five-year feasibility study on the project and has secured 11 permits and approvals from the central and local governments. TGC, a leading local offshore windfarm development company and one of Taiwan's few energy project development firms, hopes to establish a platform for international players to bring their resources and successful development experience to Taiwan to help it develop renewable energy and win global recognition in the field.
"However, the government's determination to support the development of renewable energy and a good economic framework that will lead to a bankable project structure are the keys to success, " Lin said.
According to Taiwan's Council for Economic Planning and Development (CEPD) , installed local wind power capacity in 2008 reached 358 MW, making the country the world's 23rd largest producer of wind power.
Under a new government policy to develop green energy, Taiwan aims to boost wind power capacity to 980 MW by 2010, to 1,480 MW by 2015 and to 3,000 MW by 2025, the CEPD said.
(By Rachel Chan)




Updated : 2021-07-25 15:37 GMT+08:00