Wedoany.com Report-May 15, Synera Renewable Energy Group (SRE) has increased its stake in the Formosa 2 offshore wind farm by 26%, achieving a 51% majority interest. Formosa 2, located off Taiwan’s coast, is the first project to reach commercial operations in Taiwan’s second phase of offshore wind development.

Formosa 2 is the first project to achieve commercial operations in phase two of Taiwan’s offshore wind development.

SRE’s acquisition, executed through its right of first refusal, aligns with a strategy focused on long-term stability and growth. It ensures Formosa 2’s valuation reflects fair market value, supporting Taiwan’s offshore wind industry. SRE chairperson Lucas Lin 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 noted: “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’s portfolio includes Formosa 1 and Formosa 2, with Formosa 4 and Formosa 6 under development. The 495MW Formosa 4 project, off Miaoli County, secured an establishment permit in November 2024, marking a key step in Taiwan’s Phase 3 Zonal Development.