Today, \u00d8rsted celebrated the completion of major construction works for the 920 MW Greater Changhua 2b and 4 offshore wind farms. Following the 900 MW Greater Changhua\u202f1 and 2a offshore wind farms that came into operation in 2024, this is \u00d8rsted’s second gigawatt-scale offshore wind project in Taiwan. With this addition, \u00d8rsted’s total installed capacity in the Greater Changhua cluster reaches 1.82\u202fGW, which is enough to power approximately two million Taiwanese households a year. Ten years after opening its first office in Taiwan, \u00d8rsted is now the leading contributor to the development of Taiwan\u2019s offshore wind Taiwan’s offshore wind industry.\u00a0\u00a0<\/p>\n
The Greater Changhua 2b and 4 project is expected to enter full commercial operation in late Q3 2026 upon completion of the remaining commissioning activities and fulfilment of customary contractual and regulatory requirements.\u00a0\u00a0<\/p>\n
The completion ceremony was held at \u00d8rsted’s operations and maintenance hub at the Port of Taichung. Guests included Cho Jung-tai, Taiwan Premier, Abel Lin, President of project partner Cathay Life Insurance, local and international suppliers, and financial partners as well as Rasmus Errboe, Group President and CEO\u202fof \u00d8rsted, Per Mejnert Kristensen, CEO of Region APAC at \u00d8rsted, Jayaram Naidu, Managing Director of Greater Changhua Offshore Wind Farms at \u00d8rsted, and Christy Wang, Chair of \u00d8rsted Taiwan.\u00a0<\/p>\n
Cho Jung-tai, Taiwan Premier, says:<\/p>\n
“We\u2019re deeply grateful for \u00d8rsted’s long-standing commitment to Taiwan since 2016 and its continued efforts to drive our offshore wind development. By actively introducing innovative technologies, cultivating local talent, fostering industry-academia collaboration, and vitalising green finance, \u00d8rsted and its partners have played a crucial role in realising our nation\u2019s energy ambitions and policy goals.\u201d<\/p>\n
Rasmus Errboe, Group President and CEO\u202fof \u00d8rsted, says:\u00a0\u00a0<\/p>\n
\u201cThe completion of Greater Changhua 2b and 4 is a significant milestone in the delivery of \u00d8rsted’s strategy and global 8.1 GW construction programme. This project demonstrates our strong competences in delivering large-scale offshore wind and solid financial partnerships. Over the past decade, \u00d8rsted has played a leading role in developing Taiwan\u2019s offshore wind industry, from the first commercial-scale project to the completion of the Greater Changhua cluster.\u201d\u00a0<\/p>\n
Abel Lin, President of Cathay Life Insurance, says:\u00a0\u00a0\u00a0<\/p>\n
\u201cCathay\u2019s investment in the Greater Changhua offshore wind farms reflects the financial sector’s mission and responsibility to support Taiwan\u2019s sustainable development. It concretely demonstrates that Taiwan\u2019s domestic life insurance capital has the capability and expertise to participate in world-class, large-scale renewable energy infrastructure. We also hope to harness the influence of the financial sector to encourage more domestic capital into renewable infrastructure, leaving a better environment for Taiwan\u2019s energy transition and for future generations.\u201d\u00a0\u00a0<\/p>\n
Patrick Harnett, Chief Construction Officer at \u00d8rsted, says:\u00a0<\/p>\n
\u201cGreater Changhua 2b and 4 demonstrates what can be achieved when strong partnerships, proven offshore wind expertise, and a high-performing supply chain come together. Delivering 920 MW of offshore wind capacity at this scale and complexity is a major achievement, and I\u2019m proud of the teams and partners who\u2019ve helped bring this project safely through construction and closer to full operation while also implementing cutting-edge technologies like suction bucket jackets.\u201d\u00a0<\/p>\n
Per Mejnert Kristensen, CEO of Region APAC at \u00d8rsted, says:\u00a0<\/p>\n
\u201cGreater Changhua 2b and 4 is a major milestone for Taiwan\u2019s offshore wind journey. It\u2019s true impact lies in what it will provide for decades ahead: reliable and renewable energy for Taiwan and support for our corporate customers\u2019 decarbonisation ambitions. Thanks to the dedication of our teams and the support of our partners, we\u2019ve established the local capabilities and long-term investments needed to ensure safe operations and stable power generation, while advancing fishery coexistence and shared prosperity in local communities.\u201d\u00a0<\/p>\n
The project also demonstrates \u00d8rsted\u2019s deepening local partnerships and its contribution to Taiwan\u2019s green finance ecosystem. The 583 MW offshore wind farm Greater Changhua 4 is co-owned by \u00d8rsted (50\u202f%) and Cathay Life (50\u202f%). \u00d8rsted has also signed an agreement with Cathay Life Insurance, the leading life insurance company in Taiwan, and its affiliate Cathay Power (together \u2018Cathay\u2019), under which Cathay will acquire a 55\u202f% ownership stake in \u00d8rsted’s 632\u202fMW offshore wind farm Greater Changhua 2.\u00a0\u00a0<\/p>\n
The transaction is expected to close following commissioning of the project, and commercial operation is expected in late Q3 2026. Strong backing from 30\u202fdomestic and international financial institutions during financing reflects market confidence in high-quality offshore wind assets and the strength of Taiwan\u2019s first corporate power purchase agreement serving the semiconductor industry.\u00a0<\/p>\n
For further information, please contact:<\/p>\n
Global Media Relations\u00a0 Asia-Pacific Media Relations\u00a0 About \u00d8rsted\u00a0<\/p>\n \u00d8rsted is a global leader in developing, constructing, and operating offshore wind farms, with a core focus on Europe. Backed by 35 years of experience in offshore wind, \u00d8rsted has 10.2 GW of installed offshore capacity and 8.1 GW under construction. \u00d8rsted\u2019s total installed renewable energy capacity spanning Europe, Asia Pacific, and North America exceeds 18 GW across a portfolio that also includes onshore wind, solar power, energy storage, bioenergy plants, and energy trading. Widely recognised as a global sustainability leader, \u00d8rsted is guided by its vision of a world that runs entirely on green energy. Headquartered in Denmark, \u00d8rsted employs approximately 7,200 people. \u00d8rsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2025, the group’s operating profit excluding new partnerships and cancellation fees was DKK 25.1 billion (EUR 3.4 billion). Visit\u202forsted.com<\/a>\u202for follow us on\u202fLinkedIn<\/a>\u202fand\u202fInstagram<\/a>.\u00a0<\/p>\n
Jakob Goetzsche Vesterager\u00a0
globalmedia@orsted.com<\/a>\u00a0
+45 99 55 95 52\u00a0<\/p>\n
Alfa Lee\u00a0
hsile@orsted.com<\/a>\u00a0
+886 919 557 670\u00a0
\u00a0<\/p>\n