Germany's EnBW expands to Taiwan in renewable expansion push
German utility EnBW acquired a 37.5 percent stake in each of three offshore wind projects in Taiwan with a potential total volume of approximately 2,000 megawatt, marking the first such investment outside Europe in the group’s renewables expansion, reports news agency Reuters. The new partnership initially focuses on securing grid connection capacity for the three projects, and the acquisition is subject to the approval of the Cartel Authority in charge. EnBW is “rigorously pursuing its growth path in renewables and, for the first time, is now targeting international offshore wind markets outside of Europe”, the company wrote in a press release.
For background, read the CLEW dossier Utilities and the energy transition.