CIP sells stake in Taiwan offshore wind projects
The Danish infrastructure fund has now sold shares in its first two Taiwanese offshore wind farms to a couple of domestic insurance companies, thereby securing necessary capital for realizing the projects.
Taiwan's Changfang and Xidao offshore wind projects now appear prone for launch. In a transaction securing the two offshore wind farms' 25-percent local financing compliance, Copenhagen Infrastructure Partners (CIP) has sold 12.5 percent of the developments with a planned combined capacity of 600 MW to two for the island's life insurance companies, Taiwan Life Insurance and Transglobe Life, CIP informs in a press statement.
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