What is the current progress of Taipower's offshore wind phase 2 project?

Over 90% of construction is complete, including foundations and cable laying. Turbine installation continues weather-permitting at one per day.

Why did Fuwei Energy incur losses?

Cost inflation and rising interest rates due to the Ukraine war caused expenses to exceed the contract value.

Who is installing the wind turbines?

Fuwei Energy holds the contract, but the turbine supplier is executing the installation.

When will the project connect to the grid?

The Economic Minister expects grid connection in the first half of 2025.

Will Fuwei Energy terminate the contract?

Negotiations are ongoing. If terminated, the supplier will complete the remaining work.

Progress on Taipower's Offshore Wind Phase 2 Project: Economic Minister Hopes for Completion by Year-End, Grid Connection Next Year

Published Jun 17, 2026 3:54 PM ・ Updated Jun 19, 2026 5:03 AM ・ 4 min read ・ Source: CNA (Central News Agency)

Fuwei Energy, contractor for Taipower's offshore wind phase 2 project, incurred losses due to cost inflation from the Ukraine war. Economic Minister Gong Mingxin expects turbine installation to finish by year-end and grid connection in the first half of next year.

Central News Agency Report

(CNA reporter Hsieh Yi-hsuan, Taipei, June 17) Fuwei Energy, a subsidiary of Sunwell Energy, incurred losses while executing Taipower's Offshore Wind Power Phase 2 Project. Following legislative concerns over project progress, Economic Minister Gong Mingxin stated today that if weather conditions permit, one wind turbine can be installed per day, aiming to complete turbine installation by the end of this year and achieve grid connection in the first half of next year.

Fuwei Energy was contracted for Taipower's 'Offshore Wind Power Phase 2 Project - Procurement and Installation of Wind Farm Equipment.' However, due to inflation and rising interest rates caused by the Russia-Ukraine war, costs surged significantly, resulting in severe losses. This has driven its parent company, Sunwell Energy, into negative net worth, with delisting scheduled for June 23.

Today, the Legislative Yuan's Economic Committee reviewed the non-business portion of the 2026 (115th) Central Government General Budget, including budgets under the Ministry of Economic Affairs. Minister Gong Mingxin attended with relevant officials to answer inquiries.

KMT legislator Yeh Yuan-chih inquired about the progress of Taipower's offshore wind phase 2 project. Minister Gong responded that over 90% of the project is complete, with foundation piles installed and cables laid. Only turbine lifting and installation remain. Installation vessels are ready, and one turbine can be installed per day if weather permits. Completion is expected by year-end, with grid connection targeted for the first half of next year.

Regarding legislative questions on which company is installing the turbines and media reports suggesting Fuwei Energy wants to terminate its contract with Taipower, Minister Gong clarified that while Fuwei holds the contract, the turbine supplier is executing the work. Contract termination is still under negotiation; if terminated, the supplier will complete the remaining work. (Edited by Pan Yi-ching) 1150617

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Source: CNA (Central News Agency)
Category: Taiwan

Progress on Taipower's Offshore Wind Phase 2 Project: Economic Minister Hopes for Completion by Year-End, Grid Connection Next Year

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