Ørsted held a completion ceremony on September 1, 2026, marking the end of major construction works on its 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan, as the project moves into its final commissioning phase ahead of expected full commercial operation in late third quarter 2026.

A Second Gigawatt-Scale Project in Taiwan

The Greater Changhua 2b and 4 development represents Ørsted's second gigawatt-scale offshore wind project in Taiwan, following the 900 MW Greater Changhua 1 and 2a offshore wind farms that came into operation in 2024.

With the addition of the new capacity, Ørsted's total installed capacity across the Greater Changhua cluster now stands at 1.82 GW, which the company says is sufficient to power approximately two million Taiwanese households per year.

Ørsted first opened an office in Taiwan a decade ago, and the company describes itself as the leading contributor to the development of Taiwan's offshore wind industry.

The completion ceremony was held at Ørsted's operations and maintenance hub at the Port of Taichung and brought together senior figures from government, finance, and industry.

High-Level Attendance at Ceremony

Taiwan Premier Cho Jung-tai attended the event alongside Abel Lin, President of project partner Cathay Life Insurance, local and international suppliers, and financial partners.

Ørsted was represented by Group President and CEO Rasmus Errboe, CEO of Region APAC Per Mejnert Kristensen, Managing Director of Greater Changhua Offshore Wind Farms Jayaram Naidu, and Chair of Ørsted Taiwan Christy Wang.

Premier Cho Jung-tai expressed gratitude for Ørsted's involvement in Taiwan's energy sector since 2016, citing the company's role in introducing innovative technologies, cultivating local talent, fostering industry-academia collaboration, and supporting green finance. "Ørsted and its partners have played a crucial role in realising our nation's energy ambitions and policy goals," he said.

Rasmus Errboe framed the project's completion in the context of Ørsted's broader global strategy, describing it as a significant milestone in the company's 8.1 GW construction programme. "This project demonstrates our strong competences in delivering large-scale offshore wind and solid financial partnerships," he said.

Engineering and Construction Highlights

Patrick Harnett, Chief Construction Officer at Ørsted, highlighted the technical complexity of delivering the 920 MW project, noting the use of suction bucket jackets as one of the cutting-edge technologies deployed during construction.

"Delivering 920 MW of offshore wind capacity at this scale and complexity is a major achievement," Harnett said, adding that the project was brought safely through construction through the efforts of teams and partners across the supply chain.

The project is now in its final commissioning phase, with full commercial operation expected upon completion of remaining commissioning activities and fulfillment of customary contractual and regulatory requirements, anticipated in late third quarter 2026.

Per Mejnert Kristensen, CEO of Region APAC at Ørsted, the project's significance extended beyond its immediate output. "Its true impact lies in what it will provide for decades ahead: reliable and renewable energy for Taiwan and support for our corporate customers' decarbonisation ambitions," he said. Kristensen also referenced efforts around fishery coexistence and shared prosperity in local communities as part of the project's long-term contribution.

Ownership Structure and Financial Partnerships

The Greater Changhua cluster involves a layered ownership structure that underscores the depth of Ørsted's local financial partnerships in Taiwan. The 583 MW Greater Changhua 4 offshore wind farm is co-owned equally by Ørsted and Cathay Life Insurance, with each holding a 50 percent stake.

For the 632 MW Greater Changhua 2b wind farm, Ørsted has signed an agreement with Cathay Life Insurance and its affiliate Cathay Power, under which the Cathay entities will acquire a combined 55 percent ownership stake in the project.

That transaction is expected to close following commissioning of Greater Changhua 2b, which is also anticipated to reach commercial operation in late third quarter 2026.

Abel Lin, President of Cathay Life Insurance, described the investment as a demonstration that Taiwan's domestic life insurance capital possesses the capability and expertise to participate in large-scale renewable energy infrastructure at a world-class level.

"We also hope to harness the influence of the financial sector to encourage more domestic capital into renewable infrastructure, leaving a better environment for Taiwan's energy transition and for future generations," Lin said.

Broad Financial Backing

The financing of the Greater Changhua 2b and 4 project drew support from 30 domestic and international financial institutions, a level of backing that Ørsted says reflects market confidence in high-quality offshore wind assets as well as the strength of Taiwan's green finance ecosystem. The company described this as Taiwan's first project of its kind to achieve such a breadth of financial institution participation.

The completion of the Greater Changhua cluster marks a decade of Ørsted's presence in Taiwan, spanning the country's first commercial-scale offshore wind development through to the delivery of what is now the largest installed offshore wind capacity in the country under a single developer's portfolio.

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