Ørsted’s Greater Changhua 2b offshore wind project in Taiwan is set to be commissioned in the third quarter of 2026. The 2025 commission date was recently postponed due to a damaged export cable.
The 300 MW offshore wind farm is part of the 920 MW Greater Changhua 2b and 4 project, presently under construction 35-60 kilometres off the coast of Changhua County.
Both offshore wind sites will together comprise 66 Siemens Gamesa 14-236 14 MW wind turbines mounted on suction bucket jacket (SBJ) foundations.
The first wind turbine was built in April 2024, shortly after the first foundation was installed.
Every foundation has been installed as of now, and wind turbine installation is currently ongoing.
According to the developer, the installation of the remaining wind turbines at Greater Changhua 2b and 4 will go on as planned, and the frustrating cable damage will not impact operations at the adjacent Greater Changhua 2a wind farm or push the project’s commercial operation date (COD).
However, the expected revenue from ramp-up generation in 2025 will be reduced.
Because of the delay in Taiwan, which automatically leaves a DKK 300 million (around EUR 40 million) gap on the company’s 2025 EBITDA, and the impact from the lower-than-normal offshore wind speeds during July and August that had an adverse EBITDA impact of approximately DKK 1.2 billion (around EUR 40 million), Ørsted has made adjustments to its full-year 2025 EBITDA guidance by DKK 1 billion.
Ørsted’s adjusted EBITDA is presently DKK 24 billion to DKK 27 billion (around EUR 3.2 to 3.6 billion), compared to its previous guidance of DKK 25 billion to DKK 28 billion (around EUR 3.3 to 3.8 billion).
“Despite the delay, the process towards signing the partial divestment of Greater Changhua 2b continues as planned, with expected signing during 2025. Closing of the transaction is subject to full commissioning of Greater Changhua 2b,” Ørsted said in an investor update after an extraordinary general meeting.
