Singapore-based Cyan Renewables has teamed up with Taiwanese offshore wind developer Taiya Renewable Energy to build vessel capacity and work together on deployment in Taiwan and other markets.
Taiwan is one of the most advanced and promising markets for offshore wind development with a target to add 15 GW of offshore wind power capacity by 2035. A memorandum of understanding will see the two companies collaborate to support the sector’s growth with additional foundation installation vessels, wind turbine installation vessels and cable-layers.
The deal also outlines partnerships on key infrastructure like offshore wind supply bases, as well as working together to establish new local partnerships and strengthen governmental and industry-academia cooperation in Taiwan, Cyan said.
Taiya’s current offshore wind farm project in Taiwan includes a 440 MW Huan-Yang off the coast of Changhua, being developed in collaboration with EDF Renewables, with more projects in the pipeline.
Established by infrastructure investment manager Seraya Partners, Cyan recently inked a letter of intent with China’s Cosco Shipping Heavy Industry to build its first foundation installation vessel. The company also has an agreement in place with Taiwanese owner and operator Seagreen Marine for the deployment of two offshore wind service operation vessels.
“Together with Taiya, we hope to join forces under the MOU to resolve critical supply chain challenges in Taiwan’s offshore wind industry. There are clear synergies and we are excited to work together to support Taiwan’s renewable energy development goals,” Cyan said.
