Cargostore and Rhenus Come to Taiwan for Offshore Wind

Cargostore is expanding into Taiwan in conjunction with Rhenus Offshore to support the local offshore wind market.

The companies will open a DNV 2.7-1 CCU depot in the Taiwanese Port of Taichung, planned to be operational in the fourth quarter of the year.

To remind, Taiwan plans to achieve 5.5GW of installed offshore wind capacity by 2025 and has also set an indicative target of 10-17GW by 2030. The 5.5GW were awarded in two separate tendering rounds in April and June last year.

Offshore wind developers that secured the rights to build the wind farms are obligated to sign power purchase agreements (PPAs) for the projects with the state-owned Taiwan Power Corp (Taipower) by the end of the year.