Germany’s Wpd AG today unveiled a joint venture (JV) with Taiwan Green Power Co Ltd (TGP) to take part in Taiwan’s upcoming offshore wind tender with an up to 600-MW project.
The duo’s intention is to bid for wind farm site No 28 off the coast of Changhua that will be auctioned as part of the country’s third tender round for offshore wind power capacity. TGP, an offshore wind unit of Taiwan’s LeaLea Group, has already secured Environmental Impact Assessment (EIA) approval for the 600-MW project, according to the press release.
Wpd noted that Taiwan will remain the company’s “key market” in Asia. The tie-up with TGP is the German firm’s third project in the Taiwan, where it co-owns the 640-MW Yunlin wind scheme off the country’s west coast, slated for completion in the third quarter of 2021, as well as the 350-MW Guanyin project off the coast of Taoyuan County.
In an update to the second project, Wpd reported a streamlined construction schedule that will save costs and make it eligible for the 2020 tariff, while installation works will take place in 2022. Expecting to secure all remaining permits this summer, the company will seek to reach financial close on the project in the fourth quarter of this year. Supply agreements are on track to be signed in the next few weeks.
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