Canada’s Northland Power has, through its subsidiary, executed a power purchase agreement (PPA) with Taipower for the 300MW Hai Long 2A offshore wind project in Taiwan.
Northland and its partner Yushan Energy own 60% and 40% of Hai Long 2A, respectively. Hai Long 2A is the first of the three Hai Long projects with a total capacity of 1,044MW to receive its PPA.
The project, located approximately 5km off the coast of Taiwan, is scheduled to connect to Taiwan’s grid in 2024 to execute a 20-year power contract under the FiT program.
Hai Long 2A has entered into the PPA with Taipower at the 2019 FIT rate of TWD 6.2795/kWh and TWD 4.1422/kWh for the first and second 10-year periods, respectively.
Mike Crawley, President and Chief Executive Officer of Northland Power, said: “Offshore wind has the potential to transform Taiwan’s economy and environment, creating jobs while helping to foster energy security. This project also aligns with Northland’s commitment to deliver long-term value to shareholders, while supporting the global transition to clean and green energy sources.”
Northland and Yushan Energy are also engaged in developing the Hai Long 2B and Hai Long 3 offshore wind projects in Taiwan.
In June 2018, these projects were allocated grid capacity for connection in 2025 under Taiwan’s auction program and are expected to execute their respective PPAs with Taipower in 2019.