The 495 MW Formosa 4 offshore wind farm in Taiwan has fully subscribed its output, announced developer Synera Renewable Energy (SRE) Group, following the signing of three corporate power purchase agreements (CPPAs) this month.
“With this milestone, the ready-to-build Formosa 4 now requires support from the government and local financial institutions to secure credit support and project financing — essential for starting construction and boosting renewable energy deployment for Taiwan’s sustainability goals and economic development,” stated SRE in a press release.
This December, SRE signed a CPPA with Taiwan Smart Electricity & Energy. Since then, two more CPPAs were finalized, one with a leading company and another with a power services provider, according to SRE.
“This achievement highlights Taiwan’s urgent need for renewable energy. We proudly support local export-oriented industries with large-scale offshore wind power that enhances their global competitiveness,” said Lucas Lin, SRE Chairperson.
“We anticipate working under the government’s guidance to advance project financing swiftly. Government support in financing and credit guarantees is pivotal for the project’s construction start and timely delivery of green power crucial for our corporate partners’ decarbonization goals and Taiwan’s sustainable future.”
SRE’s 495 MW Formosa 4 is planned for construction approximately 20 kilometers off Miaoli County’s coast, featuring 35 Siemens Gamesa 14 MW wind turbines.
The offshore wind farm secured capacity in Taiwan’s Phase 3 auction in 2022 and received an establishment permit in late 2024.
Throughout 2025, SRE signed agreements with key contractors, including local manufacturer Century Wind Power (CWP), supplying 35 jacket foundations for the turbines.
CSBC-DEME Wind Engineering (CDWE) is set to handle transportation and installation of the turbine foundations and the offshore substation.
The project’s export cables will be installed by Jan De Nul, while Seaway7 will install the inter-array cables.
Original Story at www.offshorewind.biz