Taiwan

BW Ideol has signed a partnership agreement with Taiya Renewable Energy for the joint development, subject to further due diligence and negotiation of the final agreements among the Parties, of a floating offshore wind pipeline including a 50 MW floating wind pilot-project and commercial-scale projects off Taiwan.

The two-fold agreement first covers the development of a pilot project in response to the specific tender announced by the Taiwanese government this August. BW Ideol is granted the exclusive EPCI contract to design, engineer, build and install the floating foundations based on its proven and highly competitive Damping Pool technology. Subject to the project reaching final investment decision, COD is targeted before the end of 2026, with construction expected to start as early as 2025. The partnership agreement also covers the joint development of several commercial-scale projects. Environmental Impact Assessment efforts are ongoing to ensure a timely qualification by the time the tenders are officially launched