Tuesday , October 16 2018

Macquarie seeks buyer for stake in wind farm


Macquarie Capital is seeking to pare its stake in Taiwan’s first offshore wind farm, people with knowledge of the matter said. The Australian firm, which is an arm of Macquarie Group Ltd., has been reaching out to potential buyers for part of its 50 percent holding in the Formosa I project in the sea off northwestern Taiwan, according to the people, who asked not to be identified because the matter is private.
Macquarie Capital bought the stake last year, with Orsted A/S also acquiring 35 percent. Local developer Swancor Holding Co. owns the remainder. The first 8-megawatt stage of the facility was installed in 2016 as part of a drive by the nation to increase output of renewable energy.
Another 120 megawatts are slated for next year and the total development cost would be about $840 million, according to Tom Harries, a wind analyst at Bloomberg New Energy
Finance in London.

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