Danish Firm, Global Power Synergy Consider Exit Strategy for Taiwan Offshore Wind Project
Denmark's Copenhagen Infrastructure Partners and Thai firm Global Power Synergy (BKK:GPSC) are exploring options for their offshore wind project in Taiwan, including a potential sale, Bloomberg News reported Monday, citing people familiar with the matter.The partners have approached advisers as they review alternatives for the Changfang and Xidao wind project, though selling a stake in the venture remains another option. The nearly 600-megawatt project could be worth several billion dollars, including debt, according to the sources.Copenhagen Infrastructure Partners is the majority owner of the venture, while Global Power Synergy holds roughly a 25% stake. Global Power Synergy said it routinely evaluates its investment portfolio and rebalancing plans, but has no significant update to disclose on the project and does not comment on market speculation.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)