CDWE, a joint venture of CSBC Corp. and DEME Offshore of Belgium, and developers of the Hai Long Offshore Wind Farm Project have jointly landed the first general engineering contract for offshore wind power in Taiwan on Oct. 21st. The value of the partnership is estimated at over US$1 billion by market players.
The contract is for a BOP (balance of plants) project, which covers the EPCI (engineering, procurement, construction, and installation) for underwater foundation and submarine cable, as well as the transport and installation of wind turbines. This is the first of such localized general contracts in Taiwan.
The contract is the second one for offshore wind power obtained by CDWE, which secured, along with CIP, an engineering contract for installing 62 wind turbines for the Changfang and Xidao wind fields in May. With the help of the wind farm projects, the company is confident that it will be able to extend its presence in Asia and throughout the world.
According to Tseng Kuo-zheng, the CEO of the company, the world’s fast growing wind power business will account for approximately 10-20% of CDWE’s sales in 2020. The company will recruit up to 200-300 employees for such positions as wind power, shipbuilding, and marine works.
Wu Feng-sheng, the chief executive of the State-owned Enterprise Commission under the Ministry of Economic Affairs, points out that offshore wind power and PV power are currently at the heart of the Taiwanese government’s policies for energy transformation and renewable energies. According to Wu, the Taiwanese government will actively try to build an indigenous offshore wind power industry in Taiwan. Offshore wind power includes not only the manufacturing of major and subordinate systems but also the engineering works for their installations.
The implementation of the BOP project, which is currently expected to take place in 2023, will begin right after the indigenous supply chain for CDWE’s offshore wind power engineering works is established.
(Collaborative media: TechNews, photo courtesy of TechNews)