The content of the contract between MHI Vesta and Swancore, significantly exceeds the localization requirement for blade materials, which covers over 50% of the direct material value of blade manufacturing and includes carbon wire tow and pultrusion carbon boards as well as resins and adhesives. For MHI Vesta Offshore, this is an important step forward in relation to localization and will simultaneously provide Swancore with a smooth entry into the offshore wind power sector.

MHI Vesta Co-CEO Lars Bondo Krogsgaard stated, “this agreement with Swancore highlights our commitment to the creation of a supply chain for the offshore wind power market in Taiwan. We are currently certain that there are opportunities for blade materials manufactured in Taiwan to be supplied globally, and we will continue to promote the goal of localization while ensuring that we are prepared to complete the first wind farm in Taiwan.”

In order to supply the turbine blade materials for the contract with MHI Vestas, Swancore and Formosa Plastics Group are currently evaluating a carbon fiber board production base in Taiwan. Swancore Green Energy and Environmental Safety CEO Cai Chao-yang commented that, “the collaboration between Swancore and MHI Vestas has created a major milestone for wind turbine blade materials in Taiwan. Furthermore, the joint venture between Swancore and Formosa Plastics will become the first Asian hub for the global supply of MHI Vestas wind turbine materials and will soon attain the government’s goal of localizing offshore wind power while also expanding employment opportunities for high-level talent.

(TR/ Phil Sweeney)