Wedoany.com Report-May 11, Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, has agreed to sell a 10 percent stake in the 495 MW Fengmiao 1 offshore wind farm in Taiwan to Mitsui O.S.K. Lines (MOL), a Japanese shipping company operating approximately 900 vessels worldwide. The transaction, pending standard closing conditions, Foreign Investment Approval, and filings with Taiwan’s Ministry of Economic Affairs, will see CI V retain majority ownership and operational control of the wind farm.

Located off the coast of Taichung County, Fengmiao 1 began development in 2020, securing site exclusivity and grid allocation in Taiwan’s Round 3.1 auction in December 2022. Construction started after financial close in March 2025, with completion expected by the end of 2027. The wind farm will feature 33 Vestas V236-15.0 MW turbines and supply renewable energy to six local and international energy users through long-term power purchase agreements covering its full capacity.

Thomas Wibe Poulsen, Partner and Head of Asia-Pacific at CIP, stated: “We are delighted to welcome MOL as co-investor in Fengmiao – and I am confident that we together will bring a project of the highest standards to commercial operation. The transaction recognizes the value created by CIP during the development phase as well as CIP’s strong offshore wind track record in Taiwan.”

MOL, known for its global operations in product transport, dry bulk, and energy and offshore businesses, brings significant expertise to the partnership. The collaboration enhances the project’s financial and operational foundation, supporting Taiwan’s renewable energy goals and contributing to the region’s clean energy infrastructure.

Once operational, Fengmiao 1 will provide sustainable electricity to meet the growing demand for renewable energy in Taiwan, supporting industries and communities. The project aligns with efforts to expand offshore wind capacity, reduce reliance on fossil fuels, and promote environmental sustainability. CIP’s continued leadership ensures the wind farm will adhere to high standards in construction and operation.

The divestment reflects CIP’s successful development strategy and strengthens its position in Taiwan’s offshore wind sector. By partnering with MOL, CIP fosters international collaboration, driving economic benefits through job creation and supply chain development. Fengmiao 1 is poised to become a key contributor to Taiwan’s energy transition, delivering reliable, clean power and supporting long-term sustainability objectives in the Asia-Pacific region.