Japan's MOL to join Taiwanese offshore wind project

Japanese shipping company Mitsui OSK Lines (MOL) has agreed to acquire a 10 per cent stake in CI Fengmiao from Copenhagen Infrastructure Partners (CIP).

CI Fengmiao is a 100 per cent shareholder of the Feng Miao offshore wind farm that CIP is developing in Taiwan. The project partners expect the completed wind farm will have a generating capacity of 495 MW, which is equivalent to the electricity used by about 650,000 households in Taiwan.