Offshore Wind, and will additionally ship 50,000 meters by the end of 2019, according to company chairman Robert Tsai. The information was published by local newspaper Digitimes and confirmed by Swancor.
Swancor currently produces pultrusion carbon fiber plates at its factory in eastern China, Robert Tsai said. In view of fast growing demand for offshore wind turbines, Swancor is expanding production capacity at the factory from two production lines at present to seven in total, Robert Tsai noted. In addition, Swancor will set up a factory with five production lines in central Taiwan, Robert Tsai indicated.
Upstream production strengthening
Each production line at the eastern China factory has monthly capacity of 10,000 meters of pultrusion carbon fiber plates, while each production line at the central Taiwan factory will have 20,000 meters, Robert Tsai said.
Swancor will sell a 95% stake in Swancor Renewable Energy, its subsidiary undertaker of offshore wind farm development, to New York-based Stonepeak Oceanview Holdings with the transaction to be finished by the end of 2019.
Since the development of offshore wind farms entails heavy investments, selling the stake will enable a flexible use of working capital, Robert Tsai explained. Swancor will strengthen production of materials used in offshore wind turbines and plans to tap the Asia market via clients, Robert Tsai noted.
Swancor Renewable Energy is developing an offshore wind farm with installation capacity of 128MW through joint-venture cooperation with Australia-based Macquarie Capital and Denmark-based Orsted and will develop one with capacity of 376MW through joint-venture cooperation with Macquarie Capital.