Wpd AG has secured approval from Taiwan’s Investment Committee to invest NT$ 14.12 billion (circa EUR 409.5 million) in the Yunlin offshore wind project.
Wpd owns 73% of Yunlin Holding GmbH, while the Sojitz Corp-led consortium, comprising Chugoku Electric Power, Chudenko Corporation, Shikoku Electric Power, and JXTG Nippon Oil & Energy Corp., owns the remaining 27%.
The Yunlin wind farm reached financial close at the end of May, when 19 banks and three export credit agencies closed the NTD 94 billion (EUR 2.7 billion) project financing.
The 640MW offshore wind project will be built eight kilometers off the Taiwanese west coast and will consist of 80 Siemens Gamesa turbines of the 8MW class.
Project completion is scheduled in December 2021.