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In recent years, the COVID-19 pandemic has affected the construction progress of offshore wind projects around the world; nonetheless, Taiwan's offshore wind industry continues to work closely with the public sector to complete the first phase of the Demonstration Incentive Program with 43 wind turbines installed by the end of 2021. On March 21, 2023, Formosa 2, the third offshore wind farm (OWF), has completed the construction and grid integration of 47 wind turbines and joined green energy generation.
The Formosa 2 OWF project is jointly developed by JERA (49%), Macquarie's Green Investment Group (26%) and Synera Renewable Energy (25%). Upon completion, the wind farm has 47 wind turbines (8MW each) with total installed capacity of 376 MW, and is capable of supplying clean wind power to approximately 380,000 households every year.