The first phase of construction of an offshore wind power operation and maintenance base in Changhua County by Copenhagen Infrastructure Partners (CIP) is to be finished by next year, the company said on Saturday at the center’s groundbreaking ceremony.
The Danish wind energy developer is to build the first offshore and energy port for wind farms in the Asia-Pacific region, CIP said in a statement.
The first phase of the project is to cover a land area of 35 hectares, including 16.86 hectares of port area for maintenance vessels, 3.14 hectares for roads and 15 hectares for industrial use, the company said.
CIP said that project planning began in 2017 and it has since invested more than NT$2 billion (US$67.7 million) in the center to operate the projected Changfang (彰芳) and Xidao (西島) offshore wind farms, set to produce 589 megawatts (MW).
MHI Vestas Offshore Wind A/S, a joint venture between Japan’s Mitsubishi Heavy Industries Ltd and Denmark’s Vestas Wind Systems A/S, is to install the specialized machinery for the project.
The port would feature 10 berths for maintenance vessels, the Changhua County government said.
CIP said the center is expected to boost local industries such as logistics, electrical and machinery services, and the hospitality sector.
CIP, a fund management company founded in 2012, is one of seven companies, including three foreign developers, that in April 2018 won Ministry of Economic Affairs tenders to build 10 offshore wind energy farms, with a combined capacity of 3,836MW, as part of the government’s efforts to develop renewable energy capacity.
The three foreign developers, Danish companies CIP and Orsted A/S, as well as Germany’s Wpd AG, account for 66 percent of the total capacity projected in the ministry’s tender.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
RATIONING: The proposal would give the Trump administration ample leverage to negotiate investments in the US as it decides how many chips to give each country US officials are debating a new regulatory framework for exporting artificial intelligence (AI) chips and are considering requiring foreign nations to invest in US AI data centers or security guarantees as a condition for granting exports of 200,000 chips or more, according to a document seen by Reuters. The rules are not yet final and could change. They would be the first attempt to regulate the flow of AI chips to US allies and partners since US President Donald Trump’s administration said it rescinded its predecessor’s so-called AI diffusion rules. Those rules sought to keep a significant amount of AI
A new worry has been rippling across the stock market lately: Entire businesses, not just their employees, might be thrown out of work. While most economists say fears of an artificial intelligence (AI) job apocalypse are overblown, seismic shifts have happened in the past after big tech breakthroughs. The IT revolution of the 1990s led to a surge in productivity that sped up the US economy for several years. It also rendered companies or even industries largely redundant — from travel agents and stockbrokers to classified advertising and newspapers, or video rental stores. Economists expect AI would deliver higher productivity,
RSS