Energy developer Ørsted has celebrated the completion of major construction works for the 920 MW Greater Changhua 2b and 4 offshore wind project in Taiwan.
Following the operational launch of the 900 MW Greater Changhua 1 and 2a sites in 2024, the completion marks Ørsted’s second gigawatt-scale offshore wind development in the region. The addition brings total installed capacity across the Greater Changhua cluster to 1.82 GW, generating sufficient electricity to supply approximately two million Taiwanese households annually. The project is expected to achieve full commercial operation in late Q3 2026 following final commissioning and regulatory approvals.
A ceremony marking the construction milestone was held at Ørsted’s operations and maintenance hub at the Port of Taichung, attended by Taiwan Premier Cho Jung-tai, Cathay Life Insurance President Abel Lin, and Ørsted senior leadership.
Rasmus Errboe, Group President and CEO of Ørsted, noted: “This project demonstrates our strong competences in delivering large-scale offshore wind and solid financial partnerships. Over the past decade, Ørsted has played a leading role in developing Taiwan’s offshore wind industry, from the first commercial-scale project to the completion of the Greater Changhua cluster.”
The project structure incorporates significant local financial participation. The 583 MW Greater Changhua 4 site is co-owned equally by Ørsted and Cathay Life Insurance. Additionally, Cathay will acquire a 55 per cent ownership stake in the 632 MW Greater Changhua 2 site under a secondary agreement, with transaction completion expected following project commissioning.
Abel Lin, President of Cathay Life Insurance, commented: “Cathay’s investment in the Greater Changhua offshore wind farms reflects the financial sector’s mission and responsibility to support Taiwan’s sustainable development. 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.”
Highlighting technical and operational execution, Patrick Harnett, Chief Construction Officer at Ørsted, said: “Delivering 920 MW of offshore wind capacity at this scale and complexity is a major achievement, and I’m proud of the teams and partners who’ve helped bring this project safely through construction and closer to full operation while also implementing cutting-edge technologies like suction bucket jackets.”
Per Mejnert Kristensen, CEO of Region APAC at Ørsted, added: “Thanks to the dedication of our teams and the support of our partners, we’ve established the local capabilities and long-term investments needed to ensure safe operations and stable power generation, while advancing fishery coexistence and shared prosperity in local communities.”
Financing for the cluster involved commitments from 30 domestic and international financial institutions, supported by long-term corporate power purchase agreements serving Taiwan’s semiconductor manufacturing sector.
