Financing secured to complete 640 MW offshore wind farm in Taiwan
Skyborn Renewables, a portfolio company of Global Infrastructure Partners (GIP), and its partners TotalEnergies, Electricity Generating Public Company (EGCO) and Sojitz Corporation (Sojitz), have secured an extended financing agreement to complete the construction of the 640 MW Yunlin offshore wind farm project in Taiwan.
The Yunlin offshore wind farm project is located in the Taiwan Strait, between 8 and 17 km off the west coast of Taiwan, in water depths ranging from 7 to 35 m. The 82 sq km project area consists of 80 wind turbine generators whose generated electricity is fed into the Taiwanese power grid via two onshore substations near the townships of Taixi and Sihu in Yunlin County.
Electricity from the project is provided to Taipower under two 20-year power purchase agreements. Once completed, the 640 MW project will be one of the largest offshore wind farms in Taiwan, producing enough clean energy to serve the energy needs of more than 600,000 Taiwanese households.
The project was initially expected to be completed in September 2020 but was faced with massive delays due to technical issues and covid.
“This is a major milestone for the Yunlin project and the offshore wind industry in Taiwan. It demonstrates our commitment to Taiwan’s clean energy transition and underlines our project management capability,” said Thomas Karst, CEO of Skyborn., adding that the 2023 installation campaign is well on track and preparations for the 2024 installation campaign are almost completed.
