The Zhong Neng offshore wind farm, developed by a joint venture between Copenhagen Infrastructure Partners (CIP) through its fund Copenhagen Infrastructure IV (CI IV) and China Steel Corporation (CSC), has today achieved a significant milestone with the delivery of the first power. Once fully operational, the 300 MW offshore wind farm will provide clean energy to approximately 300,000 households in Taiwan. 

Zhong Neng received local content plan approval from the Taiwan government in November 2019 and is the only second wind farm in Taiwan's offshore wind history to fulfill the highest localization requirements. The first was the CIP-owned Changfang-Xidao offshore wind farm, which was recently inaugurated.

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The first turbine in Zhong Neng was installed in May 2024, and one-third of the wind turbines are now installed. All offshore installation work is expected to be completed in the third quarter of 2024, followed by a full grid connection by year-end. Mads Skovgaard Andersen, Partner at CIP, said, “Zhong Neng achieving first power and last month’s inauguration of Changfang-Xidao are significant contributions to Taiwan’s energy transition.”

CIP’s Other Projects in Taiwan

Since entering Taiwan in 2017, CIP has been committed to offshore wind and has invested significantly in developing Taiwan’s offshore wind farms and supply networks and fostering a solid industry ecosystem. CIP and other partners currently have three offshore wind projects in Taiwan with a combined capacity of approximately 1,400 MW:

• Changfang Xidao- 600 MW
• Zhongneng-300 MW
• Fengmiao-500 MW.

Background of Copenhagen Infrastructure IV Fund

Copenhagen Infrastructure IV focuses on greenfield investments within core energy infrastructure projects worldwide, and investments are based on long-term contracted cash flows and robust investment structures, including low energy price risk exposure and cautious use of financial leverage. 

The fund has a global reach and will diversify investments across technologies such as offshore wind, onshore wind, solar PV, transmission, battery energy storage systems, and waste-to-energy in low-risk OECD countries in Western Europe, North America, developed Asia, and Australia. The investment strategy of CI IV is a continuation of the successful predecessor funds CI I, CI II, and CI III. It is tailored to institutional investors with a long-term investment horizon. 

Copenhagen Infrastructure IV (CI IV) reached a first close of USD 1.6 billion in June 2020 and held its final close in April 2021. The fund was oversubscribed and closed at the hard cap of USD 7.5 billion.

Read: Sunrise Wind Offshore Wind Farm Project Secures Final Approval from BOEM

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