This strategic investment is expected to provide MOL with valuable insights from the construction phase of the wind power project.
Situated about 35 kilometers off the coast of Taichung County, the Feng Miao I wind farm will feature a 495-megawatt capacity, powered by 33 Vestas-15MW fixed-bottom turbines. This energy output is expected to meet the electricity needs of approximately 650,000 households, supporting Taiwan’s renewable energy objectives.
MOL’s investment, estimated at 25 billion yen ($172.6 million), will provide valuable experience during the project’s construction phase. The company will deploy personnel to oversee operations and supply vessels for construction and maintenance tasks. Construction of the wind farm began in March 2025, with completion projected by the end of 2027.
CIP partner and head of Asia-Pacific Thomas Wibe Poulsen said: “We are delighted to welcome MOL as co-investor in Fengmiao – and I am confident that we together will bring a project of the highest standards to commercial operation. The transaction recognises the value created by CIP during the development phase as well as CIP’s strong offshore wind track record in Taiwan.”
The project’s funding comprises equity investments and senior debt from 27 international and Taiwanese financial institutions, backed by four export credit agencies and guarantees from Taiwan’s National Credit Guarantee Administration. The clean energy produced will be delivered to six major local and international energy consumers, including Google and United Microelectronics Corporation, under long-term power purchase agreements.
This investment follows MOL’s earlier participation in Taiwan’s Formosa I offshore wind farm, reinforcing its commitment to expanding its renewable energy portfolio. Through its involvement in Feng Miao I, MOL aims to further strengthen its expertise in the growing offshore wind sector.
