Enterprize Energy
Singapore-based private offshore wind developer developing approximately 5GW of projects across Taiwan (Hai Long 1,044MW) and Vietnam (Thang Long 3,400MW), with a hybrid energy platform integrating wind, green hydrogen, ammonia, and desalination, selling power to state utilities under long-term PPAs.
- Company typePrivate
- Founded1999
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Enterprize Energy does
Enterprize Energy is a Singapore-headquartered, privately held offshore wind energy developer founded in 1999 (originally as Eclipse Energy) with offices in Singapore, London, Taipei City, and Hanoi, and a headcount of 11-50 employees. The company develops utility-scale offshore wind projects across Asia-Pacific, with two active development assets: the 1,044MW Hai Long Offshore Wind Farm in the Taiwan Strait (consisting of three sub-projects of 300MW, 232MW, and 512MW) being co-developed through its Yushan Energy subsidiary with Northland Power (60%) and Mitsui (20% via Yushan), and the planned 3,400MW Thang Long Offshore Wind Farm in Binh Thuan Province, Vietnam, structured across five phases. All projects are currently in development; Hai Long is targeting Final Investment Decision in 2022 and Commercial Operation Date in 2025-2026, while Thang Long remains at survey and planning stage.
The company's technology base centers on the Enterprize Energy+ hybrid energy concept, an end-to-end value-chain approach combining offshore wind generation with green hydrogen, green ammonia, desalination (the Ocean Naiad system), and transportable energy outputs. Hai Long utilizes 10-15MW wind turbines on jacket substructures in water depths of 35-56 meters, and the company developed a hurricane/typhoon-resistant foundation design with US Department of Energy support. The business model relies on long-term Power Purchase Agreements with state-owned utilities (exemplified by the 20-year Taipower PPA for Hai Long 2a), structured through formal government tender processes and joint ventures with strategic equity partners, with projects also positioned to monetize green hydrogen, ammonia, and desalinated water across industrial decarbonization and water-scarce coastal markets. Customer concentration is effectively limited to two sovereign counterparties: Taipower in Taiwan and the Government of Vietnam.
Enterprize Energy firmographics
Firmographics- Name
- Enterprize Energy
- Legal name
- Enterprize Energy
- Website
- https://enterprizeenergy.com
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Singapore-based private offshore wind developer developing approximately 5GW of projects across Taiwan (Hai Long 1,044MW) and Vietnam (Thang Long 3,400MW), with a hybrid energy platform integrating wind, green hydrogen, ammonia, and desalination, selling power to state utilities under long-term PPAs.
- Ownership category
- akta.pro rank
Enterprize Energy industry classification
Industry- Product category
- Offshore Wind Energy Development
- NAICS
- Wind Electric Power Generation (221115)
- akta.pro primary industry
- Offshore Wind Project Development & Leasing (EUAMACAB)
Keywords
Where Enterprize Energy is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices4 records
Markets served
Enterprize Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Offshore Wind Power Generation & Sale: Development and operation of offshore wind farms generating electricity sold under long-term Power Purchase Agreements (PPAs) to state utilities. Revenue is generated through the sale of electricity to grid operators over 20-year contract terms.
- Green Hydrogen and Ammonia Production: Production of green hydrogen and ammonia powered by offshore wind for export to international markets and industrial decarbonization applications. European investors forecast 500x growth in hydrogen by 2050, with Asian, US, and European markets potentially worth USD 11.7 trillion by 2050.
- Desalinated Water Sales: Sale of clean water products (drinkable, industrial, or agricultural grade) generated through the Ocean Naiad hybrid wind and seawater system to coastal and island communities.
- Project Development and Equity Partnerships: Development of large-scale energy projects with strategic equity partners, generating returns through project equity stakes, development fees, and co-investment structures with partners like Northland Power and Mitsui.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Enterprize Energy product offering
Product offeringCore offering
Enterprize Energy develops and constructs large-scale offshore wind energy projects, with active development of the Hai Long Offshore Wind project (1,044 MW) in Taiwan and the Thang Long Offshore Wind project (3,400 MW) in Vietnam. The company also pioneered the Enterprize Energy+ hybrid energy concept that integrates offshore wind power with green hydrogen, green ammonia, and desalination (Ocean Naiad) outputs. Revenue is structured through long-term 20-year Power Purchase Agreements with state-owned utilities and equity co-investment partnerships.
Product overview
Enterprize Energy is a low-carbon energy company focused on offshore wind development and hybrid energy solutions. The core product portfolio includes three named offshore wind projects: Thang Long Offshore Wind (3,400 MW, Vietnam), Hai Long Offshore Wind (1,044 MW, Taiwan), and Ormonde Offshore Wind (completed, UK). The Enterprize Energy+ platform concept extends the offering to include green hydrogen and ammonia production, and the Ocean Naiad desalination system for combined electricity, water, and green fuel outputs. The company operates development-stage projects across Asia-Pacific while leveraging its pioneering hybrid energy approach first conceived in 1999.
Differentiator
Problem solved
Functional benefit
Products and services
- Hai Long Offshore Wind A 1,044 MW offshore wind project in the Taiwan Strait comprising three projects (Hai Long 2a: 300MW under 20-year PPA with Taipower, Hai Long 2b: 232MW, Hai Long 3: 512MW). Located 50km-80km from Changhua County at water depths of 35m-56m, utilizing 10-15MW wind turbines on jacket structures. Owned 40% by Yushan Energy (20% Enterprize Energy, 20% Mitsui) and 60% by Northland Power.
- Thang Long Offshore Wind A 3,400 MW offshore wind farm development in Binh Thuan Province, Vietnam, planned across 5 phases with ~12MW+ turbines in the first phase and 15MW+ turbines thereafter. Located 20km-50km from Ke Ga Cape at water depths of approximately 50 metres. Energy is intended to be sold into the Vietnam national power grid under government development plan inclusion.
- Enterprize Energy+ Hybrid Energy Platform Enterprize Energy+ is a hybrid energy development concept emulating the end-to-end value chain of early oil and gas companies but based on low-carbon resources. It combines offshore wind power generation with green hydrogen, green ammonia, and the Ocean Naiad desalination system, producing clean electrons to the grid, green hydrogen to the gas grid, green ammonia exported via tankers, and drinkable/industrial/agricultural grade water for coastal and island communities.
Quantifiable outcome
- 500x growth forecast in hydrogen market by 2050 (European investors estimate)
- +3 more outcomes
Companies that use Enterprize Energy
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Enterprize Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Enterprize Energy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- Northland PowercoreCanadian energy company Northland Power (NPI) joined the Hai Long Offshore Wind Farm project in 2016 as a 60% equity partner. Northland Power is the majority owner and co-developer of the 1044MW project alongside Yushan Energy (40%).
- Yushan EnergycoreYushan Energy Company Ltd. is a subsidiary of Enterprize Energy established in 2013 to focus on Asian offshore wind opportunities. Yushan Energy holds 40% stake in Hai Long Offshore Wind Farm (with 20% Enterprize Energy and 20% Mitsui).
- Mitsui Co. Ltd.majorJapanese trading company Mitsui holds 20% stake in Yushan Energy, which owns 40% of the Hai Long Offshore Wind Farm project. Mitsui provides strategic partnership and capital for Asian renewable energy development.
- Tractebel OverdickmajorEnterprize Energy contracted Tractebel Overdick to deliver a prototype design for a platform enabling multiple energy outputs including clean electrons to the grid, green hydrogen to the gas grid, and green ammonia exported via tankers, powered by offshore wind.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
Enterprize Energy competitors and assessment
Company assessmentDirect peers
- Ocean Winds (EDP/Engie JV): Joint venture between EDP and Engie dedicated to offshore wind development worldwide. Ocean Winds is actively pursuing offshore wind opportunities in Asia-Pacific and competes for tender awards and equity partnerships in the same markets as Enterprize Energy.
- Northland Power: Canadian independent power producer that is the 60% majority owner and co-developer of Enterprize Energy's flagship Hai Long Offshore Wind project in Taiwan. Northland Power operates a global portfolio of offshore wind and other renewable assets, making it the most directly comparable peer given shared project ownership and offshore wind focus.
- Copenhagen Infrastructure Partners (CIP): Danish fund manager focused on offshore wind and other renewable energy infrastructure with active development in Asia-Pacific markets including Taiwan and Vietnam. CIP is a direct competitor for offshore wind development rights in the same Asian geographies where Enterprize Energy operates.
Broad incumbents
- Equinor: Norwegian multinational energy company with significant offshore wind development activities globally, including in Asia-Pacific. Equinor represents broad-incumbent competition for offshore wind project development talent, partners, and supply chain resources in markets where Enterprize Energy operates.
- Ørsted: Danish multinational and global leader in offshore wind development with operational portfolio spanning Europe, US, and Asia-Pacific. Ørsted is the dominant incumbent in offshore wind and represents the strategic benchmark for project economics and operational scale that Enterprize Energy is pursuing in Asia.
- Vattenfall: Swedish state-owned utility and major European offshore wind developer. Vattenfall acquired Enterprize Energy's predecessor (Eclipse Energy) and developed the Ormonde project, making it a historic counterparty and demonstrating comparable offshore wind development expertise.
- RWE Renewables: German utility major with one of the world's largest offshore wind development pipelines including significant Asia-Pacific activity. RWE is a broad incumbent peer pursuing offshore wind tenders and partnerships in Taiwan and other Asian markets where Enterprize Energy holds development rights.
- TotalEnergies: French multinational oil and gas major with growing offshore wind portfolio and active involvement in Asian renewable energy markets. TotalEnergies represents broad-incumbent competition in Asia-Pacific offshore wind and potential acquirer of development-stage projects.
Emerging players
- wpd offshore: German offshore wind developer with European focus and growing Asian market interest. As a mid-sized developer pursuing similar project scale, wpd offshore is an emerging player peer with comparable development-stage positioning to Enterprize Energy.
Others
- Mitsui & Co. Japanese trading house and existing Enterprize Energy partner (20% stake in Yushan Energy). Mitsui is a strategic investor in Asian renewable energy with broader portfolio investments in offshore wind, making it a thematically related counterpart rather than a direct competitor.
Market position
Strengths2 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Enterprize Energy social profiles
Digital presenceEnterprize Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enterprize Energy leadership team
Management profileNumber of profiles
Profiles2 records
Enterprize Energy subsidiaries and ownership
Company hierarchySubsidiaries2 records
Enterprize Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enterprize Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enterprize Energy
What does Enterprize Energy do?
Enterprize Energy develops and constructs large-scale offshore wind energy projects, with active development of the Hai Long Offshore Wind project (1,044 MW) in Taiwan and the Thang Long Offshore Wind project (3,400 MW) in Vietnam. The company also pioneered the Enterprize Energy+ hybrid energy concept that integrates offshore wind power with green hydrogen, green ammonia, and desalination (Ocean Naiad) outputs. Revenue is structured through long-term 20-year Power Purchase Agreements with state-owned utilities and equity co-investment partnerships.
Is Enterprize Energy a public or private company?
Enterprize Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Enterprize Energy founded?
Enterprize Energy was founded in 1999. It employs 11 to 50 people.
Where is Enterprize Energy based?
Enterprize Energy is headquartered in Singapore, Singapore, in the Asia region.
How does Enterprize Energy make money?
Four revenue lines are on record. Offshore Wind Power Generation & Sale is the primary driver. The others are green Hydrogen and Ammonia Production, desalinated Water Sales and project Development and Equity Partnerships.
Who are Enterprize Energy's main competitors?
Direct peers on record are Ocean Winds (EDP/Engie JV), Northland Power and Copenhagen Infrastructure Partners (CIP). Broad incumbents are Equinor, Ørsted, Vattenfall, RWE Renewables and TotalEnergies. wpd offshore is listed as an emerging player. Mitsui & Co. is listed as an others.
Does Enterprize Energy have an API?
No public API is recorded for Enterprize Energy.
What industry is Enterprize Energy in?
Enterprize Energy's product category is Offshore Wind Energy Development. Its primary akta.pro industry code is EUAMACAB, Offshore Wind Project Development & Leasing. Its NAICS code is 221115.