TAIPEI (Taiwan News) — A wave of clean energy investments helped push Taiwan’s foreign investment inflows to nearly NT$85.44 billion (US$2.83 billion) from January to April, a 67% jump from the same period last year.

The economic affairs ministry said in a Thursday press release that the growth was driven largely by major offshore wind energy projects, per CNA. The ministry’s Department of Investment Review cited large-scale capital injections into Copenhagen Infrastructure Partners’ (CIP) Fengmiao project and the Haineng wind farm as key contributors to the spike, per UDN.

From January to April, Taiwan approved 642 foreign investment cases, down 7.4% from the same period last year. Still, the value of those projects surged, reflecting growing investor confidence in large energy infrastructure.

Among the biggest investments was Luxembourg-based CI Fengmiao SCSP’s NT$22.08 billion injection into CIP’s Fengmiao offshore wind farm. Stonepeak Oceanview (Cayman) Holdings also committed NT$8.75 billion to Top Horizon Investment, with NT$8.3 billion earmarked for Haineng International.

Other major approvals included Google Engineering UK’s NT$7 billion investment in KoKo Engineering and Orsted’s NT$3.59 billion boost to its Changhua offshore wind operation. Amazon subsidiary A100 ROW Inc also invested NT$2.59 billion into Amazon Data Services Taiwan, further underscoring Taiwan’s draw as a data and infrastructure hub.

Approved foreign-invested firms were 334 with NT$11.24 billion in capital. Chinese investment remained limited, with just six approved cases worth NT$2.91 billion, mostly due to a single large injection from a Hong Kong-based firm linked to Foxconn.

Meanwhile, outbound investment from Taiwan rose to NT$406.98 billion, up 12.3%, though investment in China slumped by 60% at NT$13.06 billion over 58 cases.