February 27 (Renewables Now) - Canada-based Northland Power Inc (TSE:NPI) has signed a power purchase agreement (PPA) for the 300-MW Hai Long 2A wind project off Taiwan, the first of three schemes that will create an over 1,000-MW complex.
Under the 20-year deal with state-owned electric utility Taiwan Power Co (Taipower), the Canadian firm and its project partner Yushan Energy Co Ltd of SIngapore will sell the output of the wind farm at a tariff of TWD 6.2795 (USD 0.204/EUR 0.179) per kWh in the first 10 years and at TWD 4.1422/kWh for the remaining period.
Through their 60/40 joint venture, Northland and Yushan were awarded 300 MW of grid capacity for the project under Taiwan's feed-in tariff (FiT) programme last year. The Hai Long 2A scheme is the first of the three Hai Long projects securing a PPA, while the contracts with Taipower for the other two projects, the Hai Long 2B and Hai Long 3, are expected to be finalised in 2019.
Once completed, the Hai Long complex will have a combined capacity of 1,044 MW.
(TWD 10 = USD 0.325/EUR 0.285)