Mott MacDonald supports financial close of major offshore wind project in Taiwan

The Fengmiao Phase 1 Offshore Wind Farm (Fengmiao I) has successfully reached financial close, with Mott MacDonald supporting the project as lender’s technical advisor. 

The project is a significant milestone for renewable energy in the country as the first of Taiwan’s Phase 3 offshore zonal development to achieve financial close and enter the construction phase. The Phase 3 offshore zonal development policy announced by the Ministry of Economic Affairs (MOEA) aims to add 15 GW of offshore wind capacity between 2026 and 2035. 

Located approximately 35 kilometres off the coast of Taichung City, the Fengmiao I will include 33 wind turbine generators with a total capacity of 495MW. Once operational, Fengmiao I will deliver a stable supply of renewable energy, moving Taiwan closer to its renewable energy targets. 

Mott MacDonald’s extensive experience on offshore wind owner’s engineering and design projects globally, combined with deep local expertise and presence in Taiwan, was crucial for achieving a timely financial close. As lender’s technical advisor, Mott MacDonald was responsible for working closely with the Fengmiao I team over the course of a year and a half to rigorously and proactively identify risks and mitigations, avoiding costly delays to financial close.  

Sam Carter, project manager and Mott MacDonald’s energy lead for Taiwan, said "Against a backdrop of globally challenging conditions for offshore wind over the past few years, Fengmiao I has developed a robust project that will make a significant contribution to advancing Taiwan's renewable energy targets. We look forward to continuing our support for the project during the construction phase."  

The project now moves into the construction phase where Mott MacDonald will monitor the construction progress on behalf of the lenders.