Taiwan approves wind project investments by Danish company

02/25/2020 03:25 PM
CNA file photo for illustrative purposes only.
CNA file photo for illustrative purposes only.

Taipei, Feb. 25 (CNA) Seven major investment projects were approved by the Investment Commission on Monday, including NT$7 billion (US$229.58 million) of additional investment by Denmark-based Copenhagen Infrastructure Partners (CIP) in two offshore wind projects.

Of the two CIP projects, one was for an injection of NT$6.34 billion into subsidiary CI Changfang Ltd. and the other was for an added investment of NT$581 million in subsidiary Taiwan Wind Investment Co.

The money will be put into the Changfang and Xidao wind farms developed by CIP and its partners off of the coast of Changhua County.

Meanwhile, Samoa-registered company Good Flavor Alpha Ltd.'s application for investing NT$478 million to finance a local Taiwanese enterprise making bread and other baked goods was also approved.

Other approved projects included a Hong Kong company's plan to invest NT$360 million in a Taiwanese technology company engaged in making computer and peripheral equipment and medical devices and another Hong Kong company's investment of NT$224 million in a local chemical company.

In terms of outward investment, Taichung-based Johnson Health Tech. Co., Ltd. received approval to invest 6.24 billion Japanese yen (US$56.3 million) to buy a 60 percent stake in Fuji Medical Instruments Mfg. Co. Ltd., which manufactures and sells medical and home exercise equipment.

(By Wu Po-wei and Evelyn Kao)

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