The developers of the long-delayed Yunlin offshore wind project in Taiwanese waters have successfully secured an extended financing agreement to complete the construction of the 640-MW wind farm.
This was announced on Wednesday by Skyborn Renewables GmbH, known as wpd offshore GmbH up until last year when the firm was acquired by Global Infrastructure Partners (GIP). Skyborn, though, did not provide financial details with regard to the new deal.
The GIP portfolio company is developing Yunlin in an 82-sq-km area in the Taiwan Strait, between eight and 17 km off the west coast of Taiwan. The scheme calls for the installation of 80 Siemens Gamesa turbines in water depths ranging from seven to 35 metres. The first of them was connected to the grid and commissioned in November 2021 but the project got a significant delay after that.
"Thanks to the good cooperation of all stakeholders and the tenacity and dedication of the project team, the 2023 installation campaign is well on track and preparations for the 2024 installation campaign are almost completed,” said Thomas Karst, CEO of Skyborn.
Yunlin’s other sponsors include France’s TotalEnergies SE (EPA:TTE), Thai power producer Electricity Generating PCL (BKK:EGCO), and Japanese trader Sojitz Corporation (TYO:2768).