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Funding for wpd’s Yunlin offshore wind project in Taiwan is close to completion and negotiations with a group of investors and banks will be finalised in a few weeks, the German developer said.
The Taiwanese Ministry of Economic Affairs has awarded German-based wpd with 1GW of grid connection capacity for two of the developer’s offshore wind projects in Taiwan: a 708MW wind farm off Yunlin and a 350MW project off Taoyuan.
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.
German offshore wind developer wpd has selected Van Oord as preferred contractor for the 640MW Yunlin offshore wind project in Taiwan.
German offshore wind developer wpd has appointed Sumitomo Mitsui Banking Corporation (SMBC) as their financial advisor for its projects in Taiwan.
The South Korean LS Cable & System has won a contract to manufacture submarine power cables for the Yunlin offshore wind farm in Taiwan.
Germany-based Deutsche Windtechnik is establishing a new regional unit in Taiwan after securing a contract to provide services to wpd AG on the Yunlin offshore wind project.
Seaway Offshore Cables (SOC) has won a substantial contract for the supply and installation of the export and inter-array grid cable systems at the Yunlin offshore wind farm in Taiwan.
Siemens Gamesa Renewable Energy (SGRE) has awarded the first local supply contracts for Ørsted’s Formosa 1 Phase 2 and wpd’s Yunlin offshore wind projects in Taiwan.