Copenhagen Infrastructure Partners K/S (CIP) and Thailand’s Global Power Synergy Pcl (GPSC) are considering selling their offshore wind farm in Taiwan, according to people familiar with the matter.
The Danish investment firm and GPSC, whose controlling shareholder is Thai oil and gas group PTT Pcl, are discussing the sale of the Changfang and Xidao (CFXD, 彰芳西島) venture with financial advisers, sources said, asking not to be identified because the deliberations are private. Another option could be a stake sale, one source said.
With installed capacity of about 600MW, the CFXD project could be valued at a few billion dollars, including debt, the people said.
Photo: Liao Chia-ning, Taipei Times
CIP owns a majority stake in the venture, while GPSC holds about 25 percent.
Considerations are ongoing and no final decisions have been made, sources said.
A representative for CIP declined to comment. GPSC said it regularly reviews its investments and considers rebalancing strategies, but has no material development to disclose on CFXD and does not comment on market speculation.
CIP has been an active investor in energy infrastructure globally, agreeing to buy Orsted A/S’s European onshore business for 1.4 billion euros (US$1.63 billion) in February. GPSC shares are up about 15 percent over the past 12 months, valuing the Bangkok-based company at US$3.3 billion.
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