reNews30 Sep 2026AI generated
Taipower rejected EPC contractor Foxwell Energy's claims it is owed roughly €294m across the 295 MW TPC 2 project, calling the retention and bond demands a breach of contract.
- Foxwell seeks bankruptcy protection, citing €130.4m unfinished project funds, €118.4m retention, €44.8m performance bonds
- Taipower has taken over turbine installation from Foxwell and will continue toward completion
- Foxwell parent Shinfox was delisted and lost the separate 700 MW Youde contract this summer