Wpd’s Taiwanese Offshore Wind Farms to Cost EUR 4 Billion

Image for illustrative purposes. Source: wpd

Project costs of the two offshore wind farms wpd will build in Taiwan amount to EUR 4 billion, according to the latest news from the company, which aims to have closed agreements with manufacturers and suppliers for the Yunlin and Guanyin projects at the end of 2018.

“Currently, we are putting together the banking syndicate and we’re already in an advanced stage of discussion with many local and international banks,” said Björn Nullmeyer, who is in charge of project finance of the two Taiwanese offshore wind farms.

Wpd hired Sumitomo Mitsui Banking Corporation (SMBC) as financial advisor for Yunlin and Guanyin projects earlier this year and has also appointed Bank of Taiwan as co-advisor, and E-Sun as local advisor in structuring the financing.

The Germany-based developer is currently in advanced discussions with companies which will provide all the components and works necessary to build wpd’s two offshore wind farms that will add more than 1GW to Taiwan’s energy mix, and plans to reach financial close for the Yunlin offshore wind farm by the end of 2018.

The 708MW Yunlin project, which will be built eight kilometres off the coast of Yunlin County, will be commissioned in two phases, with 360MW coming online in 2020 and 348MW scheduled to be commissioned in 2021, same as the 350MW Guanyin offshore wind farm, located two kilometres off the Taoyuan County.

Wpd’s two projects won grid-connection rights on 30 April, when the Taiwanese Ministry of Economic Affairs awarded a total of 3,836MW of grid connection capacity to eleven offshore wind farms proposed by seven developers.

Offshore WIND Staff

Share this article

Follow Offshore Wind

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

3rd US Offshore Wind Conference & Exhibition, Boston, MA, USA

The USOW18 event is THE #1 networking hub for businesses that are looking to invest, find partners or secure contracts in US offshore wind projects…

read more >

8th New Energy Investor Summit

Finding excellent investment opportunities in wind, solar and hydroelectric power plants is difficult…

read more >

BlueWeek 2018

The seminar brings together industry, universities and research institutes active in ocean energy and aquaculture…

read more >

2nd International Conference Wind Farm Lifecycle Management 2018

Join the conference and meet industry experts from Rambøll Wind, OWI Lab, Leibniz University, Airwerk, Impax, Polenergia and many more…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreWIND.biz, you’ll reach countless professionals in the sector. For more information, click below...

apply

O&M Engineer Structural

Here at Scottish Power Renewables we’re committed to remaining a UK leader in renewable energy. As well as investing in our technologies, we are committed to investing in the future of extraordinary people like you...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreWIND.biz, you’ll reach countless professionals in the sector. For more information, click below...

apply

Vessels>