Japanese shipping company Mitsui OSK Lines (MOL) has agreed to acquire a 10 per cent stake in CI Fengmiao from Copenhagen Infrastructure Partners (CIP).
CI Fengmiao is a 100 per cent shareholder of the Feng Miao offshore wind farm that CIP is developing in Taiwan. The project partners expect the completed wind farm will have a generating capacity of 495 MW, which is equivalent to the electricity used by about 650,000 households in Taiwan.
MOL's investment in the project is expected to total around JPY25 billion (US$170 million).
The construction of the offshore wind farm began simultaneously with the final investment decision in March 2025. The wind farm itself is scheduled for completion by the end of 2027.
MOL said that the "green energy" generated by the wind farm will be delivered to a group of six large local and international energy users in Taiwan that have entered into long-term power purchase agreements with Feng Miao Wind Power for its entire capacity.
MOL had also earlier invested in the Formosa offshore wind farm, making Feng Miao I the company's second offshore wind investment in Taiwan.