Synera Renewable Energy Secures Full Offtake for 495MW Formosa 4 Offshore Wind Project in Taiwan
Synera Renewable Energy Group has secured full offtake for its 495MW Formosa 4 Offshore Wind Project in Taiwan, enabling the company to pursue financial support for construction. Recent corporate power purchase agreements with Taiwan Smart Electricity & Energy and two other partners have solidified this milestone. Once operational, the project is expected to generate approximately 2 billion kWh of green electricity annually.
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Synera Renewable Energy Group announced that the entire 495MW output of its Formosa 4 Offshore Wind Project in Taiwan has been fully subscribed. This milestone enables the project to seek government and local financial institution support for credit and financing, essential for construction and advancing Taiwan's renewable energy goals.
Recent corporate power purchase agreements (CPPAs) were concluded with Taiwan Smart Electricity & Energy and two additional partners, securing full offtake. Formosa 4, located off the coast of Miaoli County, secured capacity in 2022's Phase 3 auction and received its establishment permit in late 2024. Once operational, the wind farm is expected to generate approximately 2 billion kWh of green electricity annually.
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