Taipei, 22 July 2020 - Formosa 2 offshore wind farm loaded-in the first set of foundation components, including pin piles, at Taichung Harbor, and is set to ramp up its offshore installation activities. The 188 pin-piles are key components for the four-legged jacket foundations that will support Formosa 2’s 47 8MW wind turbines. The pin-piles measure up to 78.9 meter in length and weigh up to 277 ton. The jacket foundations and wind turbines each weigh 1695 tons and 820 tons, respectively. Once complete, the wind farm will provide 376MW of green electricity and will generate enough power for over 380,000 households per year. Formosa 2 is located between 4 – 10km off the coast of Miaoli County in northwestern Taiwan.

Renewable Energy Development and Localisation

EPC Contractor Jan de Nul is responsible for delivery of the foundations, including pin piles, and offshore export cables for the Formosa 2 project. Jan de Nul will work alongside a team of Taiwanese sub-contractors, including Hunghua Construction Co Ltd who will transport  the foundations to the site with other local companies including Taiwan International Ports Co. Ltd, Ta Jia International Co. Ltd, Jin An Logistics International Co. Ltd and Glory Shipping Agency Corporation.

Kimberly Cram, Formosa 2 Project Director and Managing Director, Macquarie’s Green Investment Group, said, “Formosa 2, jointly developed by JERA, Macquarie’s Green Investment Group and Swancor Renewable Energy, is making good progress and we are pleased to have achieved this milestone as we further ramp up the offshore construction work. Formosa 2 is proud to be part of Taiwan’s renewable energy transition and to work with the local supply chain to strengthen the offshore wind industry. It is a great example of how international and local expertise can partner effectively together.”

It is of the utmost importance to support the safe delivery of the Formosa 2 project and mitigate potential adverse environmental impacts. Formosa 2 and its contractors will use industry leading equipment and methodologies to ensure the installation activities incorporate mitigation measures required by the Environmental Impact Assessment.

Formosa 2 is proud to support the local community. In June 2019, Formosa 2 paid NT$119 million of stamp duty in total to Miaoli County and continues to sponsor community events in Zhunan and Houlong. Formosa 2 also collaborates with National United University in Miaoli to cultivate the next generation of renewable energy talent through initiatives, including the offshore wind power professional’s program, research funding, scholarships, internships and conferences.

About JERA

Established in 2015, JERA is an equal joint venture of two major Japanese electric companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG and other fuel resource projects and fuel procurement, through fuel transportation to power generation.

JERA’s mission is to provide cutting edge solutions to the world’s energy issues, by offering energy supply models established in Japan through JERA’s global operations to other countries.

Toward 2025, JERA’s energy solutions focus mainly on two businesses: the LNG value chain business and the large-scale renewable energy business centred on offshore wind power generation. These businesses are complementary; renewable energy with variable power generation output is complemented by flexible, clean LNG thermal power generation. With demand expected to grow globally, particularly in Asia, JERA aims to become a leader in these two businesses.

Learn more about JERA: https://www.jera.co.jp/english/

About Green Investment Group and Macquarie Group

Macquarie’s Green Investment Group (GIG) is a specialist in green infrastructure principal investment, project development and delivery, green impact advisory and the management of portfolio assets. Its track record, expertise and capability make it a global leader in green investment and development, dedicated to accelerating the transition to a greener global economy.

Initially launched by the UK Government in 2012 as the Green Investment Bank, it was the first institution of its type in the world. It was purchased by Macquarie in 2017 and combined with Macquarie Capital’s renewables team to create one of the world’s largest teams of specialist green infrastructure developers and investors. Now operating as the Green Investment Group, the business and its operating platforms have investments or operations in over 25 markets, more than 450 staff and a global development pipeline of more than 25 GW.

Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs 15,849 people in 31 markets. At 31 March 2020, Macquarie had assets under management of £299.7 billion.

For more information, visit www.greeninvestmentgroup.com and www.macquarie.com.

About Swancor Renewable Energy

Swancor Renewable Energy is a leading developer in Taiwan’s offshore wind industry. First involved in the development of offshore wind farm in 2012, the company had planned and completed the installation of two wind turbines which formed Phase 1 of the first offshore wind farm “Formosa 1” in Taiwan solely by itself in October 2016, and then it cooperated with an international team to complete the second Phase which is comprised of 20 wind turbines that generate 128MW of electricity every year. Formosa 1 entered into operation at the end of 2019 and is currently the only offshore wind farm in commercial operation in Taiwan. Swancor Renewable Energy continues to demonstrate passion in green energy, focusing on development and operation of a sustainable environment. Formosa 1 is a milestone with distinguished meaning in Taiwan’s offshore wind sector.

Following Formosa 1, Swancor Renewable Energy is also involved in the planning and construction of Formosa 2, the second large offshore wind project of the company, holding 25% shares of the project. Formosa 2 is located also off the shore of Miaoli County and covers an area up to 70km2. Scheduled to be completed in 2021, Formosa 2 is comprised of 47 8MW wind turbines, and is able to generate 376MW of electricity per year which is sufficient for the annual power usage of 380,000 households.

Swancor Renewable Energy, with Stonepeak Infrastructure Investment holding 95% of its shares, has its headquarter sit in the heart of Taipei City. Our vision is to become the leading brand of renewable energy in Asia-Pacific region, and we are committed to providing professional and reliable services of renewable energy development, construction and asset management for our customers.

For more information, visit http://www.swancor-renewable.com/en/

Media contact

Swancor Renewable Energy

Regina Liu

+886-2-2729-5000#257

regina.liu@swancor-renewable.com

Macquarie’s Green Investment Group

Ida Cheung | ida.cheung@macquarie.com | +852 3922 3615

Janet Jin | janet.jin@macquarie.com | +852 3922 4772

JERA Energy Taiwan Co., Ltd.

Tracy Chen | JuiHsin.Chen@jeraet.com | +886-2-2723-9592

Weber Shandwick

Amy Lee | Alee2@webershandwick.com | +886 935-222-155

Kevin Huang | Khuang2@webershandwick.com | +886 930-933-857