Posted on May 12, 2025
Mitsui OSK Lines (MOL) has agreed to acquire a 10 per cent stake in CI Fengmiao from Copenhagen Infrastructure Partners (CIP), a Danish renewable energy fund, in order to, “gain insights by participating in the offshore wind power business from the construction phase.”
CI Fengmiao is the 100 per cent shareholder of the Feng Miao offshore wind farm that CIP is developing in Taiwan. The project’s wind farm has a generating capacity of 495 MW, approximately equivalent to the electricity used by about 650,000 households in Taiwan.
MOL’s investment in the project is expected to total around ¥25 billion ($170 million).
The construction of the offshore wind farm began simultaneously with the final investment decision in March 2025, and is scheduled for completion by the end of 2027.
The energy will be delivered to a group of six large local and international energy users in Taiwan, including companies such as Google and United Microelectronics Corporation, who have entered into long-term power purchase agreements with Feng Miao Wind Power for its entire capacity.
