Taipower's second phase of offshore wind farm progresses. Ministry of Economic Affairs: The first batch of three wind turbines has been installed.

In response to the progress and disbursement of the second phase of Taipower Offshore, the Ministry of Economic Affairs stated today (18th) that the first batch of three wind turbines were installed on October 16, and a total of 4 turbines have been completed so far. As for the joint loan dispute between Fuwei and a group of banks, the Ministry of Economic Affairs called on Fuwei to properly handle the joint loan dispute.

The Ministry of Economic Affairs put forward three explanations for this case today. The first point is that Fuwei Company proactively requested Taipower Corporation to take over the wind turbine installation project in this case. The first batch of three wind turbines were installed on October 16, and a total of four wind turbines have been completed. Subsequent adjustments will be made on a rolling basis based on the climate, and the project will continue to be advanced while ensuring work safety.

The Ministry of Economic Affairs continued to point out that the second point is related to the joint loan dispute between Fuwei and a group of banks. Taipower is the third party, and the payment objects between Taipower and Fuwei are limited to subcontractors. Taipower calls on Fuwei to properly handle the joint loan dispute. Taipower is also maintaining smooth communication with the consortium of joint loan banks to jointly advance the progress of the project.

The Ministry of Economic Affairs finally emphasized that the third point is that Taipower Corporation will complete the installation and grid connection of wind turbines as its primary goal. Only the smooth completion of grid connection is the best solution to ensure the rights and interests of all parties.