NYK Line has invested in Taiwan-based IOVTEC to leverage expertise in offshore wind power and enhance market presence in the Asia-Pacific region.
Information on the Target
IOVTEC Co., Ltd. (国際海洋股份有限公司), based in Taipei, is a leading player in the offshore wind power sector in Taiwan. Established in July 2013, IOVTEC offers a comprehensive range of services through its parent company, International Ocean Group (IOG). These services encompass marine surveys, construction support, chartering of offshore wind support vessels, and maintenance management of offshore power generation sites. IOVTEC specializes in catering to the entire lifecycle of offshore wind power projects, from initial site investigation to long-term operation and maintenance.
The Taiwanese offshore wind market is recognized as a pioneer in Asia, and IOVTEC has established a strong track record by participating in numerous projects within this space. This experience positions IOVTEC as a vital player in the industry's continual growth and development.
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Industry Overview in Taiwan
Taiwan's offshore wind power industry is experiencing rapid growth, driven by government initiatives and an increasing focus on renewable energy sources. In recent years, the Taiwanese government has set ambitious targets aiming to generate 20%
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