Mitsui O.S.K. Lines invests $170M in Taiwan's Fengmiao I offshore wind farm, boosting its renewable energy portfolio.

Mitsui O.S.K. Lines (MOL) has bought a 10% stake in Taiwan's 495 MW Fengmiao I offshore wind farm from Copenhagen Infrastructure Partners (CIP). The wind farm, expected to be completed by late 2027, will supply clean energy to six major energy users in Taiwan under long-term agreements. MOL's investment, totaling around $170 million, aligns with its plan to expand into renewable energy projects and support Taiwan's clean energy goals.