K2 Management (K2M) provides due diligence services to Cathay Life on its Greater Changhua 4 wind farm investment – the largest offshore wind investment made by a Taiwanese corporate to date
24th October 2024, Taiwan – K2 Management (K2M), a leading global renewable energy engineering and project management consultancy, has completed due diligence on Taiwanese insurer Cathay Life’s investment in Greater Changhua 4 – a 583MW offshore wind farm in Taiwan. Cathay Life has now become a 50% shareholder in the project alongside Ørsted, a leading Danish renewable energy company.
The Greater Changhua 4 – North West wind farm, located 50km offshore in the Taiwan Strait, is currently under construction and due to enter operation in 2025. This investment – the largest made by a Taiwanese corporate to date – demonstrates the benefits, including financial strength, technical expertise and industry best practices, that collaboration between international and local investors can bring to Taiwan’s rapidly growing offshore wind industry.
For Cathay Life, K2M provided full-scope technical due diligence to support and de-risk this landmark investment. This two-year due diligence phase included reviewing the wind farm’s projected energy yield, technical performance and associated contracts.
A representative for K2M added, “This significant investment will help bolster the industry and accelerate Taiwan’s renewable energy transition, and we’re delighted to have supported Cathay Life on this important project.”
This is the first project K2M has completed for Cathay Life under a long-standing Technical Advisory framework agreement between the two.
About K2 Management:
K2 Management supports its clients in their efforts to develop and operate sustainable energy projects that achieve the best possible return on investment.
It delivers a wide range of services within engineering, planning, project management, and due diligence spanning the entire value chain of an energy project; from the earliest phase of development, through construction as well as maximizing operations with asset management.
K2 Management is headquartered in Denmark with over 15 global offices, and its experienced team has been involved in more than 3,100 successful offshore wind, onshore wind and solar PV projects — in over 50 countries.
For more information, please see: www.k2management.com
