BlueFloat Energy Reaffirms Its Vision for Taiwan, Preparing for Floating Wind Demonstration Projects


Wednesday, 31st of May 2023.

BlueFloat Energy announced its entry into the Taiwanese market in May 2022 and proposed the “Winds of September” offshore wind power project off the coast of Hsinchu, with a capacity of up to 1 GW. Today, BlueFloat Energy has reaffirmed its vision for Taiwan, with a near-term focus on delivering a floating wind farm demonstration project, while reiterating its interest in developing large scale floating offshore wind projects in this country as a means of contributing to Taiwan’s net zero goals.

Bluefloat Energy CEO, Carlos Martin Meets Minister Wang of Ministry of Economic Affairs

BlueFloat Energy keeps the leading position in floating offshore wind across the globe, and recently awarded the “Highly Commended Prize – Offshore Wind Developer of the Year (2023)” by Tamarindo. Encouraged by the Taiwanese government’s plans of deploying floating offshore wind as one of the levers for reaching net-zero emissions by 2050, Carlos Martin,CEO of BlueFloat Energy, is visiting Taiwan, meeting Minister Wang Mei-Hua of MoEA and speaking at WFO Asia Pacific Summit in Taipei, to confirm the company’s interest in unlocking floating wind opportunity in this market.

We very much value Taiwan as our first market in Asia. We hope the selection guidelines for the demonstration floating wind project will be announced very soon and will enable highly competent new players in offshore wind, such as BlueFloat Energy, to put its expertise at the service of the emerging floating wind sector in Taiwan. We see the demonstration project as an important stepping stone towards a commercial-scale floating wind farm in Taiwan”, he said.

Taiwan as one of the pioneers of energy transition in the APAC region would maintain its leadership by forging ahead with Floating Wind Demonstration Projects

Michael Pinkerton, Country Manager of BlueFloat Energy Taiwan, said, “As a pioneer of energy transition in the Asia-Pacific region, Taiwan is well positioned to take the lead by fast tracking Floating Wind Demonstration Projects to test various types of floating technologies in Taiwanese waters as early as possible, assess the logistics, infrastructure and supply chain readiness, as well as further ensuring the suitability of Taiwan’s ports for quayside activities before developing large-scale commercial floating wind farms in the future.

Winds of September project is located approximately 25 kilometers offshore from Hsinchu, with an area of over 125 square kilometers, and water depth of 64-96 meter, and area that have not been previously feasible with bottom-fixed foundations. Floating wind technology, which has now been deployed and validated in a number of European countries, could unlock previously inaccessible areas of the sea, allowing Taiwan to maintain its leading role in offshore wind development in the region.

Deep technical expertise and financial strength

Headquartered in Madrid, Spain, BlueFloat Energy’s team has extensive experience in floating wind farm development and construction. It is financially backed by the US-based 547 Energy and Quantum Energy Partners. Currently, BlueFloat Energy is developing offshore wind power projects in 9 geographies around the globe with a total installed capacity of 24.6 GW, including the pipeline of 20GW floating offshore wind farms. The “Winds of September” in Taiwan has successfully deployed a floating LiDar in the offshore area to collect meteorological parameters (e.g. wind, wave, current) to inform wind resource assessment and floater/mooring design.

About BlueFloat Energy

BlueFloat Energy is a nimble and fast-growing offshore wind developer shaping the global energy transformation by bringing scaled decarbonization solutions to new markets. With a focus on floating wind technologies, our portfolio of both bottom-fixed and floating projects comprises 24.6 GW of planned capacity in nine countries across the globe: Spain, France, Italy, Scotland, Australia, New Zealand, Taiwan, Colombia and Portugal.

About 547 Energy

BlueFloat Energy’s main shareholder is US-based 547 Energy. 547 Energy invests in and partners with innovative companies and development platforms around the globe that focus on cleantech, renewable power, energy efficiency, grid resilience, or the digitalization of the energy sector.

About Quantum Energy Partners

547 Energy is the clean energy investment arm of Quantum Energy Partners, a leading provider of capital to the global energy industry, with more than $21 billion in assets under management.

Bluefloat Energy
Press contact: Peggy Pei-Chun Liao
Contact number: +886-937-581-717

Public relations support: Media Plus Communication & Consulting Co., Ltd.
Contact person: Raymond Fu
Contact number: +886-936-090-381

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