Asia | May 13, 2025

MOL invests $170 M in wind project

MOL joins Taiwan’s Feng Miao wind farm with a 10 % investment, aiming to expand its renewable energy role and support offshore construction efforts.

 

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Image for illustrative purposes

Taiwan: Mitsui O.S.K. Lines, Ltd. (MOL) has agreed to acquire a 10 % ownership stake in CI Fengmiao Ltd, a company fully owned by Copenhagen Infrastructure Partner P/S (CIP), a Danish renewable energy fund. The acquisition allows MOL to gain hands-on experience in the offshore wind sector from the construction stage onward.

CI Fengmiao is developing the Feng Miao offshore wind farm in Taiwan, with a planned capacity of 495 MW, enough to supply electricity to roughly 650,000 households. MOL’s investment is estimated at around $170 M (¥25 B).

Construction of the wind farm began following a final investment decision in March 2025 and is expected to be completed by the end of 2027. The project has already secured long-term power purchase agreements with six major companies, including Google and United Microelectronics Corporation, ensuring full capacity will be delivered to key energy consumers in Taiwan.

This marks MOL’s second offshore wind investment in Taiwan, following its involvement in the Formosa I project. MOL intends to dispatch personnel during construction to build technical expertise and contribute operationally by providing vessels for both construction and maintenance phases.

Offshore wind plays a central role in MOL’s “BLUE ACTION 2035” strategy, which outlines a broader commitment to renewable energy, including floating wind, maintenance, and vessel operations across Asia.

Source: Port News