Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) and Taiwan’s Cathay Private Equity are leading a consortium that’s buying a 50% stake in an offshore wind farm project in Taiwan for NT$$75 billion (US$2.66 billion) from Denmark’s Ørsted.
The Danish green energy firm, which will retain the other 50% shareholding in the Greater Changhua 1 wind farm, will use the proceeds to finance engineering, procurement and construction services for the project.
The wind farm is expected to be completed by 2022, Ørsted says in a statement on December 28.
It did not disclose the identity of the other consortium members.