Synera Renewable Energy Group (SRE) has increased its stake in the Formosa 2 offshore wind farm in Taiwan to a controlling 51%, marking a significant step in the company’s commitment to green energy. The developer acquired an additional 26% interest in the 376-megawatt (MW) wind farm, raising its previous ownership of 25%.
Formosa 2, located off the coast of Miaoli County in north-western Taiwan, became the first offshore wind farm to reach commercial operation in Taiwan’s second phase of offshore wind development. The wind farm consists of 47 turbines, all of which were installed in January 2023 and have been connected to the grid since March 2023, generating power for approximately 380,000 households annually.
SRE has emphasized the importance of its investment, citing the wind farm’s strong performance and its significant socio-economic impact. Lucas Lin, chair of SRE, said, “SRE’s acquisition of an additional stake coincides with the second anniversary of Formosa 2’s commercial operation. The increased ownership allows us to further enhance the wind farm’s performance and governance, and to ensure a stable supply of clean energy that supports Taiwan’s export-oriented industries and strengthens confidence in the long-term, healthy development of the offshore wind sector.”
Lin added, “Backed by the strong foundation, momentum, and team developed over the past 12 years in Taiwan, we have and will continue to accelerate the deployment of offshore wind power.”
SRE, a key player in Taiwan’s offshore wind sector, holds stakes in two operational wind farms, Formosa 1 and Formosa 2, while actively developing additional projects such as Formosa 4 and Formosa 6. The company is also expanding its footprint in Japan and South Korea, broadening its regional presence in the offshore wind industry.
The move underscores SRE’s growing influence in the renewable energy sector and its long-term strategy to bolster Taiwan’s green energy infrastructure.
