| Work Detail |
Macquarie Asset Management has sold its 26% equity and debt interest in the 376MW Formosa 2 wind farm offshore Taiwan to Pine Wind Power, a wholly-owned subsidiary of J&V Energy. The proposed investment will be supported by capital commitments from Pine Wind partners, Taiwan Life Insurance and He Jun Energy. As part of the transaction, JV Asset Management, a J&V Energy affiliate, will provide long-term asset management services to its partners. Formosa 2 is an operational offshore wind farm located off the coast of Miaoli County. It is comprised of 47 Siemens Gamesa 8MW wind turbine generators which have been connected to the grid since March 2023, supplying power to approximately 380,000 Taiwanese households per year. Macquarie developed Formosa 2, one of Taiwan’s first large-scale offshore wind farms, in partnership with JERA and Synera Renewable Energy. This transaction marks J&V Energy’s first operational wind farm investment in Taiwan and comes on the back of its previous experience developing and investing in wind farms in Taiwan including Formosa 4 and 5, and the Huan Yang offshore wind farm. “JV Asset Management is poised to be one of Taiwan’s largest specialist renewable asset managers, with this transaction bringing us halfway to our target of $1bn assets under management by 2026,” said Jerome Tan, CEO of JV Asset Management. |
