MHI Vestas Offshore Wind Pens Sweeping Series of MOUs in Taiwan

Aarhus, 28 March, 2018

On the heels of early selection for a portfolio of projects, the company bolsters its commitment to the region by signing four MOUs with local manufacturers committed to leading Taiwan’s clean energy transition.

Signalling a new era in the company’s global ambitions, MHI Vestas signed Memorandums of Understanding today with four prestigious Taiwanese companies: CSMC (towers), Tien Li (blade manufacturing), Swancor (composites/resins), and Formosa Plastics Corporation (materials for blade manufacturing).
The agreements are the realisation of the company’s manufacturing strategy for the region and leverage the unparalleled experience in energy infrastructure of the Mitsubishi Group in Taiwan.

“The Taiwan offshore wind market has impressively put itself in a front-runner position in the region. Having the benefit of early selection of a portfolio of projects allows us to enter into these manufacturing agreements with great confidence. We are honoured to announce these partnerships today – partnerships that will spur the expansion of highly-skilled, local manufacturing jobs,” said MHI Vestas incoming CEO, Philippe Kavafyan.
“In bringing our market-leading 9 MW turbine platform and a rich heritage of energy infrastructure experience through Mitsubishi Group, MHI Vestas is well positioned to be the market leader in Taiwan.”

Mitsubishi Corporation Taiwan Chairman & CEO, Mr. Koji Nemoto, said,

“Mitsubishi Corporation (MC) has been actively operating in Taiwan since the 1940s, especially in the power business. MC has installed a number of power plants together with MHI for Taipower and other owners. At the same time, MC has been building a great relationship with MHI Vestas through the offshore wind business in Europe.”
Mr. Nemoto continued, “With this background, we highly welcome and fully support MHI Vestas for its market entry to the emerging offshore wind market in Taiwan and we are confident that they will greatly contribute to realising the energy transition in Taiwan.”

The four agreements signed today form a strong foundation of supplier partnerships for MHI Vestas, with more on the way.
MHI Vestas has signed China Steel Machinery Corporation (CSMC), an established leader in steel manufacturing, to provide towers for the 9 MW turbine platform on offer in Taiwan. The production will be based in Kaohsiung.

Formosa Plastics Corporation (FPC), one of the world’s largest chemical manufacturing companies, was signed by MHI Vestas to provide materials for blade manufacturing.

MHI Vestas has signed Swancor, a market-leading company in environmental protection and safety, to supply composites and resins for the blade manufacturing process.
Mr. Robert Tsai, Chairman of Swancor, said,

“As the pioneer of Taiwanese offshore wind farm development, Swancor is not only providing the experience to support localisation but also cooperating with MHI Vestas on wind turbine blade materials, including infusion epoxy resin, bonding paste and carbon fibre plates. I believe that this cooperation with MHI Vestas will help Taiwanese local suppliers to enter the global supply chain and help advance Taiwan offshore wind development.”

Tien Li, an industrial leader in blade manufacturing, has been selected by MHI Vestas to handle production of the company’s turbine blades. The blades will be produced in Taichung.
Tien Li President, Mr. Jonathan Lin, said,

“In response to the government’s offshore policy, Tien Li Offshore Wind Technology Co., Ltd. (TLC) plans to set up a blade factory in Taichung Harbour to develop a local supply chain for offshore wind power in Taiwan. It is an honour to cooperate with MHI Vestas Offshore Wind. TLC will combine European technology and Taiwanese management to provide blades to MHI Vestas. TLC is confident in its ambition to become the third professional offshore blade company in the world.”

Boasting abundant wind resources and a growing appetite for renewable energy, the Taiwan offshore wind market has set a pioneering course, paving the way for large-scale sustainable energy and accelerating the market’s green energy transition.

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For further information contact:
Michael Morris
MHI Vestas Offshore Wind
T: +45 8844 8950
M: +45 2575 0427
mijmo@mhivestasoffshore.com

About MHI Vestas Offshore Wind
MHI Vestas Offshore Wind is a joint venture between Vestas Wind Systems A/S 50% and Mitsubishi Heavy Industries (MHI) 50%. The company’s focus is to design, manufacture, install and service wind turbines for the offshore wind industry. The company aims to create sustainable value through offshore wind power by driving capital and operating savings and increasing the power output of wind turbines. An innovative force in offshore wind since its inception in 2014, the company is guided by its founding principles of collaboration, trust, technology and commitment. For more information, see www.mhivestasoffshore.com or follow @MHIVestas on Twitter.

About Vestas Wind Systems
Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with 90 GW of wind turbines in 77 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled 76 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 23,300 employees are bringing the world sustainable energy solutions to power a bright future.
For updated Vestas photographs and videos, please visit our media images page on:
https://www.vestas.com/en/media/images.
We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:
• www.twitter.com/vestas
• www.linkedin.com/company/vestas
• www.facebook.com/vestas
• www.instagram.com/vestas
• www.youtube.com/vestas

About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world’s leading industrial firms with 80,000 group employees and annual consolidated revenues of around 38 billion U.S. dollars. For more than 130 years, the company has channelled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defence and space systems.

For more information, please visit MHI’s website: www.mhi.com/index.html
For Technology, Trends and Tangents, visit MHI’s new online media SPECTRA: spectra.mhi.com

About Mitsubishi Corporation Taiwan
• Company Name: Mitsubishi Corporation
• Date Established: July 1, 1954
• Representative: Takehiko Kakiuchi, President and Chief Executive Officer
• Capital: 204,446,667,326 yen (JPY)
• Shares of Common Stock Issued: 1,590,076,851
• URL: www.mitsubishicorp.com
• Inquiry Recipient: Mitsubishi Corporation
• Telephone: +81-3-3210-2171 / Facsimile:+81-3-5252-7705

About China Steel Machinery Corporation (CSMC)
• Company Name: China Steel Machinery Corporation
• Date Established: Nov 21, 2001
• Chairman of the Board: Mr. Ching Chung Cheng
• Capital: NT$1,120,000,000
• URL: www.csmc.com.tw
• Inquiry Recipient: v90440@csmc.com.tw;cychuang@csmc.com.tw
• Telephone: +886 7 8020111 ext.480 / Facsimile: +886 7 8037063

About Formosa Plastics Corporation
• Company Name: Formosa Plastics Corporation
• Date Established: 1954
• Representative: Jason Lin, Chairman & President
• Capital: 63,657,408 NT Thousand Dollars
• URL: http://www.fpc.com.tw
• Inquiries: Formosa Plastics Corporation +886-2-2712-2211

About Swancor
SWANCOR HOLDING CO., LTD. has three business units at present, including the advanced materials business Group (wind blade materials and anti-corrosion materials), carbon fibre composites business group and offshore wind power business group.
For the advanced materials business group, Swancor has already provided more than 10,000 wind turbine materials installed in wind farm operations and it is the only one material supplier approved by GE, SGRE, Nordex and Acciona Windpower, Senvion, Goldwind, Envision… and other top ten wind turbine manufacturers in Asia.
For the offshore wind power business group, Swancor and its partners have a 128MW capacity Formosa I offshore wind farm, which is scheduled to be completed next year. The Formosa II capacity is 400MW, which is scheduled to be completed in 2020. Formosa III capacity is about 1,900MW, and it is expected to be constructed in three phases in 2021.

About Tien Li
• Company Name: Tien Li Offshore Wind Technology Co., Ltd.
• Date Established: December 23, 2009
• Representative: Jonathan Lin, President
• Capital: 50,000,000 (USD)
• Address: 29F, No. 68, Sec. 5, Zhongxiao East Rd., Xinyi Dist., Taipei 110, Taiwan
• Telephone: +886 2 8729 9298 / Facsimile: +886 2 8729 1366

2018-03-28T05:36:44+00:00