Ørsted closes sale of 50% stake in Taiwanese offshore wind farm

Ørsted A/S said Nov. 3 that it completed the sale of a 50% stake in the 605-MW Greater Changhua 1 offshore wind farm in Taiwan to Caisse de dépôt et placement du Québec and Cathay Private Equity Co. Ltd.

The company previously noted that the total value of the transaction is approximately NT$75 billion. The deal also includes a commitment by CDPQ and Cathay PE to fund 50% of the payments under the project's engineering, procurement and construction contract, which also includes generation and transmission assets.

The wind farm is expected to be completed in 2022.

As of Nov. 2, US$1 was equivalent to NT$27.89.