CDPQ and Cathay PE will now own half of 605MW Taiwanese offshore project

Orsted has completed the divestment of a 50% stake in the 605MW Greater Changhua 1 Offshore Wind Farm to global investment group Caisse de dépôt et placement du Québec (CDPQ) and Cathay PE.

CDPQ will be the majority owner among the two new partners.

The Greater Changhua 1 site is part of the 900MW Greater Changhua 1 & 2a Offshore Wind Farm, which Orsted is currently constructing and expects to finalise in 2022.

As part of the agreement, Orsted will construct the Greater Changhua 1 Offshore Wind Farm under a full-scope EPC contract.

Orsted will also provide long-term operations and maintenance (O&M) services from its O&M base at the Port of Taichung.

Source: renews.biz