Taiwan's Changfang and Xidao offshore wind projects now appear prone for launch. In a transaction securing the two offshore wind farms' 25-percent local financing compliance, Copenhagen Infrastructure Partners (CIP) has sold 12.5 percent of the developments with a planned combined capacity of 600 MW to two for the island's life insurance companies, Taiwan Life Insurance and Transglobe Life, CIP informs in a press statement.
"This transaction is a significant milestone as it is the first of its kind to enable local life insurance companies to make a direct investment in a Taiwanese offshore wind farm," writes CIP Partner Michael Hannibal in the press release.
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