Asian offshore wind farm developer Synera Renewable Energy has taken over a majority ownership of the 376MW Formosa 2 wind farm off Taiwan. Formosa 2 is the first offshore wind farm to achieve commercial operation among all projects in Taiwan’s second phase of offshore wind development. Synera is a founding shareholder and developer of Formosa 2 along with Macquarie Asset Management and JERA. In January, Macquarie announced it would be selling its 26% stake in the project to Pine Wind Power, a wholly-owned subsidiary of J&V Energy. JERA and Synera would retain their 49% and 25% stakes, respectively. However, Synera announced that it exercised its right of first refusal, held across all its assets, to acquire the 26% stake in Formosa 2 held by Macquarie. Following the acquisition, Synera holds a majority stake of 51% in the project while JERA holds the remaining 49%. “Synera’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,” said Lucas Lin, chairman of Synera. The company holds stakes in two operational offshore wind farms, Formosa 1 and Formosa 2, while actively developing Formosa 4 and Formosa 6, all in Taiwan. Beyond its home market, the developer is also expanding its presence in Japan and South Korea. Synera is supported by Stonepeak, a New York-based investment firm specialising in infrastructure and real assets with $72bn in assets under management. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsOffshore Wind Taiwan