German offshore wind developer wpd has signed an agreement with Taiwan Green Power (TGP) to jointly develop a 600 MW offshore wind project in Taiwan.
The wind farm site No. 28 is expected to be part of the third tender round in Taiwan, wpd said. The project is located off the coast of Changhua in an area with excellent wind conditions, according to the developer.
TGP is an offshore wind developer and part of Taiwan’s LeaLea Group.
LeaLea has already received the EIA approval and built up a lot of local support for the project.
wpd has also reported a streamlined construction schedule for the 350 MW Guanyin project, to save additional costs in order to comply with the 2020 tariff.
Now, the project is expected to be installed within one year, 2022, and all major supply agreements have been adjusted to support this approach. While the signing of the supply agreements is expected in the next weeks, all is depending on the issuance of the last remaining permits in summer, followed by closing the financing in the fourth quarter of 2020, wpd said.
“wpd values long-term partnerships and local footprint. In challenging times this becomes even more important and we are happy to strengthen our ties to Taiwan by introducing new investors to the country and by finding new local alliances. Taiwan will remain our key market in Asia,” said Achim Berge Olsen, COO of wpd AG.