Taiwan-based HEXA Renewables, backed by US-based I Squared Capital, has commissioned the world’s largest offshore floating solar power plant in Changhua County, Taiwan. Spanning 347 hectares across four plots, this project boasts an aggregated capacity of 373 MW (AC). Initially developed by Chenya Energy in 2020, HEXA progressed with the second stage, adding 192 MW (AC) in collaboration with the Taiwanese government. As per HEXA, this project offsets 136,000 tons CO2 emissions annually and powers 74,000 households. The project supports Taiwan’s decarbonization targets of 20 GW renewable capacity by 2025 and net-zero emissions by 2050, exemplifying effective public-private partnerships and boosting Taiwan’s standing in floating solar technology.
HEXA Renewables completes massive offshore solar in Taiwan
Partnering with Taiwan’s government, HEXA achieves a 373 MW capacity in offshore floating solar, the largest of its kind globally. (Image Source: Hexa Renewables)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)