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POSH enters Taiwan offshore renewables market

Joint venture will provide comprehensive services including end-to-end transport of wind turbines and components, and diversified solutions during the installation, operations and maintenance of offshore wind farms in Taiwan

Move comes as government in Taipei aims to install 5.5 gigawatts of wind farms by 2025

PACC Offshore Services Holdings and Kerry TJ Logistics have agreed to work together to make inroads into Taiwan’s offshore wind farm markets, according to an exchange filing.

The Singapore-listed offshore service provider and Taiwan-based logistics firm will establish a joint venture, to be called POSH Kerry Renewables, aiming to provide an integrated solutions platform for offshore wind farm developers; engineering, procurement, construction and installation contractors; and wind turbine manufacturers.

Its services include the end-to-end transport of wind turbines and components as well as various marine solutions during the installation, operations and maintenance of offshore wind farms in Taiwan.

Taiwan has joined its Asian neighbours, such as China and South Korea, in promoting the development of offshore wind power.

The government in Taipei plans to install 5.5 gigawatts of wind farms by 2025, which is expected to create about T$900bn ($29bn) worth of business opportunities and 20,000 jobs, according to estimates from the Ministry of Economic Affairs.

“Our unique platform will provide clients in the Taiwan offshore renewables sector with a comprehensive suite of supply chain and offshore marine solutions that can be configured to meet their specific requirements,” said Lee Keng Lin, deputy chief executive of POSH.

The partnership has signed a memorandum of understanding with Rolls-Royce to explore suitable designs for walk-to-work and services operations vessels specialised in offshore wind operations.

Another MOU has been signed with financial company Macquarie Capital and specialty chemicals manufacturer Swancor to jointly explore collaboration opportunities in the Taiwanese markets.

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