Offshore wind coming for Taiwan
Taiwan's government has set a target to have 15 percent, or 8,450 megawatts (MW), of its electricity generated from renewable resources by 2025. And in August the government said it would invest $45 billion (US$1.4 billion) in the sector.
SeaEnergy and TGC did not place a value on the project.
Shares in SeaEnergy were 6.7 percent up at 51.5 pence in early trade.
The two companies will work together on a variety of projects beginning with the Changhua Offshore Windfarm, on the West coast of Taiwan, to help meet that goal. Changhua will have a capacity of up to 600 MW and will be jointly owned.
"Taiwan represents an opportunity for SeaEnergy to internationalize quickly in an environment where a project can be consented at a reasonably early date and at reasonable cost," Joel Staadecker, CEO of SeaEnergy said.
Separately, Danish wind turbine builder Vestas reported a larger-than-expected rise in third quarter operating profit and stuck to its 2009 guidance.
Related News

BC Hydro rebate and B.C. Affordability Credit coming as David Eby sworn in as premier
VANCOUVER - The new B.C. premier announced on Friday morning families and small businesses in B.C. will get a one-time cost of living credit on their BC Hydro bill this fall, and a new B.C. Affordability Credit in January.
Eby focused on the issue of affordability in his speech following being sworn in as B.C.’s 37th premier.
A BC Hydro bill credit of $100 will be provided to all eligible residential and commercial electricity customers, including those who receive their electricity service indirectly from BC Hydro through FortisBC or a municipal utility.
“People and small businesses across B.C. are feeling the squeeze of…