REG-Ørsted A/S Taiwan's biggest offshore wind farm generates first power

Oersted A/SAnnouncement

21/04/2022 08:15

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   Ørsted A/S (Orsted)
   Taiwan's biggest offshore wind farm generates first power

   21-Apr-2022 / 09:00 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   21.4.2022 09:00:00 CEST | Ørsted A/S | Investor News

   Ørsted today announced the successful delivery of the first power from the
   Greater Changhua 1 & 2a Offshore Wind Farm. This represents a big
   achievement for Ørsted and the industry as Greater Changhua 1 & 2a is the
   largest offshore wind project in Taiwan and the company's first
   large-scale offshore wind farm in the Asia-Pacific region.

   Located 35-60 kilometres off Taiwan's west coast, Greater Changhua 1 & 2a
   has a total capacity of 900 MW, making it the largest and first far-shore
   wind farm in Taiwan. Once completed, the wind farm will significantly
   support Taiwan's fast-track build-out of renewables and provide the green
   energy much needed by export industries and by Taiwan to achieve its
   net-zero goal. 

   Christy Wang, General Manager of Ørsted Taiwan, says: 'Delivering the
   first power as scheduled is a major milestone for both Ørsted and Taiwan.
   Since the 900 MW capacity was first awarded to Ørsted in April 2018
   through the grid allocation process, our team has spared no efforts to
   develop and construct Greater Changhua 1 & 2a and achieve first power only
   four years later.'

   Christy Wang adds: 'This has not been an easy task, especially with the
   COVID-19 pandemic challenges during the past two years. We would like to
   express our sincere gratitude for all the support from government
   agencies, local and international suppliers, as well as local
   stakeholders.'

   The first power was delivered as scheduled with the installation and
   energisation of the first batch of offshore wind turbines. The electricity
   was transferred to Ørsted's onshore substations via array cables, offshore
   substations, and export cables. The renewable energy was fed into the
   national grid via Taipower's substation. A total of 111 Siemens Gamesa
   8.0-167 DD wind turbines will be installed at Changhua 1 & 2a, which will
   produce enough power to cover the power consumption of a million Taiwanese
   households. 

   Frida Persson, Co-CEO of the Greater Changhua 1 & 2a Offshore Wind Farm,
   says: 'The successful generation of first power builds on Ørsted's
   extensive offshore construction experience and a fantastic team effort.
   Leveraging our outstanding technical capabilities, we have overcome the
   challenges of the unique site conditions and weather in the Taiwan Strait.
   We are proud of the team we have built, encompassing thousands of people
   from multiple leading Taiwanese and international contractors from across
   the globe. We are determined to complete construction this year, meeting
   all quality, health, safety, and environmental (QHSE) standards and
   fulfilling our environment impact assessment commitments.'

   Ulrik Lange, Co-CEO of the Greater Changhua 1 & 2a Offshore Wind Farm,
   says: 'Managing the risks of the key component fabrication, vessel
   mobilisation, and installation of the offshore wind farm has been
   imperative during the COVID-19 pandemic. We have given the highest
   priority to optimised planning, risk mitigation, and adapting to
   challenges in this full-scale offshore wind construction project. Our
   entire team is focused on delivering the remaining construction work
   safely and on quality.'

   The 900 MW offshore wind construction project continues at full speed.
   Meanwhile, Ørsted's operations and maintenance (O&M) team is getting ready
   to take over and ensure optimal performance of the wind farm, which will
   provide stable and clean energy during its more than 25-year lifetime.  

   About Ørsted in Taiwan 

   Operational projects

     • Ørsted is the major shareholder and co-owner of Taiwan's first
       commercial-scale offshore wind project, Formosa 1, which was extended
       from 8 MW to 128 MW in 2019.

   Construction projects

     • The Greater Changhua 1 & 2a Offshore Wind Farm located 35-60
       kilometres off the coast of Changhua County and has a capacity of
       approx. 900 MW. The construction of the offshore wind farm will be
       finalised in 2022. 

   Development projects

     • Ørsted was awarded the right to build the 920 MW Greater Changhua 2b &
       4 Offshore Wind Farm in June 2018 and signed a corporate power
       purchase agreement with Taiwan Semiconductor Manufacturing Company
       Limited (TSMC) in July 2020. The Greater Changhua 2b & 4 Offshore Wind
       Farm will become operational in 2025 and fully commissioned in 2026,
       subject to grid availability and Ørsted's final investment decision.
     • Ørsted has started the environmental impact assessments of the Xu Feng
       1, 2 and 3 projects, which are located 37-62 kilometres off the coast
       of Changhua County with a total potential capacity of 2.1 GW, and the
       Wo Neng 1 and 2 offshore wind projects, which are located 42
       kilometres off the coast of Taichung with a potential capacity of 3
       GW. Ørsted will utilise the Xu Feng and Wo Neng projects and the 570
       MW Greater Changhua 3 project that has already obtained EIA approval
       to take an active role within the coming zonal development.

   As the world leader in offshore wind, Ørsted has installed more than 1,600
   offshore wind turbines with an installed offshore wind capacity of 7.6 GW
   and 3.4 GW more under construction (including Greater Changhua 1 & 2a). It
   is Ørsted's ambition to install a total of 30 GW offshore wind capacity
   worldwide by 2030.

   For further information, please contact:

   Asia-Pacific Media Relations
   Rachel Chan
    1 racch@orsted.com
   +886 933 529 367

   Group Media Relations
   Tom Christiansen
    2 tomlc@orsted.com
   +45 99 55 60 17

   Investor Relations
   Rasmus Keglberg Hærvig
    3 IR@orsted.com 
   + 45 99 55 90 95

       About Ørsted A/S

   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, and bioenergy plants, and provides
   energy products to its customers. Ørsted is the only energy company in the
   world with a science-based net-zero emissions target as validated by the
   Science Based Targets initiative (SBTi). Ørsted ranks as the world's most
   sustainable energy company in Corporate Knights' 2022 index of the Global
   100 most sustainable corporations in the world and is recognised on the
   CDP Climate Change A List as a global leader on climate action.
   Headquartered in Denmark, Ørsted employs 6,836 people. Ørsted's shares are
   listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK
   77.7 billion (EUR 10.4 billion). Visit  4 orsted.com or follow us on
   Facebook, LinkedIn, Instagram and Twitter.

       Attachments

     •  5 Press Release Changhua first power.pdf
     •  6 Changhua.jpg

   News Source: Ritzau

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  156594
   EQS News ID:   1331571


    
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