Top Page > Press Release 2025 > MOL to Join Offshore Wind Power Project off Taiwan - Advancing toward Clean Energy Production through Participation from Construction Phase -

MOL to Join Offshore Wind Power Project off Taiwan
- Advancing toward Clean Energy Production through Participation from Construction Phase -

May 09, 2025

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto, Headquarters: Minato-ku, Tokyo) has agreed to acquire a 10% stake in CI Fengmiao Ltd from Copenhagen Infrastructure Partner P/S (CIP; Partner and Head of Asia-Pacific: Thomas Wibe Poulsen; Headquarters: Copenhagen), a Danish renewable energy fund, in order to gain insights by participating in the offshore wind power business from the construction phase.
CI Fengmiao is a 100% shareholder of Feng Miao Offshore Wind Farm (Note 1), that CIP is developing in Taiwan. The project's wind farm has a generating capacity of 495 MW, which is equivalent to the electricity used by about 650,000 households in Taiwan.
MOL's investment in the project is expected to total around ¥25 billion.

(At the signing ceremony)
Left: CIP Partner, Gordon White, CIP Partner/APAC Regional Head for the Flagship Funds Thomas Wibe Poulsen, CIP Managing Partner Jakob Poulsen, MOL Managing Executive Officer Masayuki Sugiyama, MOL Wind Power Unit General Manager Takeyasu Moriguchi

The construction of the offshore wind farm began simultaneously with the final investment decision in March 2025, and is scheduled for completion by the end of 2027. In addition, the green energy will be delivered to a group of six large local and international energy users in Taiwan, including companies such as Google and United Microelectronics Corporation, who have entered into long-term power purchase agreements with Feng Miao Wind Power for its entire capacity.

The participation in the Feng Miao I is the second investment in offshore wind in Taiwan to MOL following the Formosa I Offshore Wind Farm (Note 2), and through our involvement in this project, we aim to further expand the renewable energy business and contribute to building a decarbonized society. MOL plans to dispatch personnel from the construction phase of this project. Through this deployment, MOL aims to deepen our understanding of the offshore wind power business. MOL will also contribute to the project by providing vessels to support construction and maintenance of the project.

The offshore wind power business, which is a segment of the renewable energy business, is considered as one of the concrete action plans in the portfolio strategy for the energy business under the management plan "BLUE ACTION 2035". MOL is committed to providing a wide range of services in the offshore wind power value chain, including investment in Odfjell Oceanwind AS for floating offshore wind development (Note 3), SOV business in Taiwan (Note 4), CTV operation in Japan (Note 5) and capital alliance with the wind power maintenance company Hokutaku Co., Ltd. For more information on MOL's offshore wind power business, please refer to "MOL Solutions."

[About Copenhagen Infrastructure Partners P/S]

Founded in 2012 in Denmark. CIP is one of the world's largest dedicated fund manager within greenfield renewable energy investment

(Note 1) Overview and location of Feng Miao I

Management company Feng Miao Wind Power Co., Ltd
Location Taichung County, Taiwan (-35km off the coast)
Generation Type Offshore Wind Power (bottom-fixed)
Generation Capacity 495MW
Number of Generators 33 Units (Vestas-15MW turbine)
Commercial Operation Date Scheduled for the end of 2027

(Note 2) In 2022, MOL invested in the first commercial-scale offshore wind farm in Taiwan, operated off coast of Miaoli County.
March 4, 2022: Investment Participation in Offshore Wind Power business in Taiwan

(Note 3) Through our investment in Odfjell Oceanwind AS, which develops floating offshore wind power technology and projects, we are cooperating with them to realize offshore wind power business in Norway.
October 5, 2023: MOL becomes new strategic shareholder in Odfjell Oceanwind | Mitsui O.S.K. Lines

(Note 4) Abbreviation of Service Operation Vessel (SOV). SOV is a specialized vessel used for the operation and maintenance of offshore wind farms. It stores and transports maintenance components and delivers technicians to offshore wind turbines and supports their stay for several weeks on board.
March 10, 2022: Asia-first newbuild Taiwan-flagged Service Operation Vessel delivered to operate for Greater Changhua 1&2a Offshore Wind Farms
November 22, 2023: MOL Signs Deal to Build a Construction SOV ("CSOV") to Serve Offshore Wind Farms in Taiwan | Mitsui O.S.K. Lines
June 28, 2024: Ta San Shang Marine Signs a Deal for Construction of 3rd SOV to Serve Offshore Wind Farm in Taiwan - Pursuing SOV Fleet Expansion and Business Development in Asia - | Mitsui O.S.K. Lines

(Note 5) Abbreviation of Crew Transfer Vessel(CTV). CTV is a transportation vessel that plays a crucial role which delivers maintenance technicians from the base port to the offshore wind turbines located relatively close the shore.


MOL Group 5 Sustainability Issues
MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
We anticipate this initiative to contribute especially to the realization of "Environment -Conservation for Marine and global environment-" and "Innovation -Innovation for development in marine technology-".