EGCO Group closes acquisition of 25% stake in 640 MW Yunlin offshore wind farm project
Electricity Generating Public Company Limited (EGCO Group) has completed the acquisition transaction of a 25% ownership interest in Yunlin Holding GmbH which owns the 640 MW Yunlin offshore wind farm project in Taiwan.
Yunlin is a holding company that owns 100% of Yunneng Wind Power Co., Ltd. of Taiwan. The company is constructing a 640 MW offshore wind farm which will be situated in the Taiwan Strait approximately 8 km west of the coast of Yunlin County in Taiwan and covers an overall area of approximately 90 square kilometers.
Commissioning of the project will occur in phases, with Phase 1 comprising 352 MW scheduled for completion in the 4th quarter of 2020, and Phase 2 comprising 288 MW scheduled for completion in the 3rd quarter of 2021.
Country news
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April 03, 2020
Strategic partnership to develop 448 MW offshore wind in Taiwan
innogy has partnered with Asia Cement Corporation to continue the development of a major offshore wind project off the coast of Taiwan. The two companies have agreed a strategic partnership to further develop the Chu Feng offshore wind project, which intends to participate in the next grid allocation round in Taiwan. With a planned installed capacity of up to 448 megawatt (MW), it will be located off the northwest coast of Taiwan near Hsinchu City, in the wind-rich Taiwan Strait.
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March 11, 2020
JERA Co acquires 43.75% stake in 2 GW offshore wind project in Taiwan
JERA Co., Inc., Macquarie’s Green Investment Group (GIG) and EnBW Energie Baden-Württemberg AG (EnBW) have reached an agreement on the development of the 2 GW Formosa 3 offshore wind project in Taiwan. JERA now holds 43.75% of the project, with both GIG (31.25%) and EnBW (25%) retaining material stakes.
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February 24, 2020
CIP reaches FC on 589 MW offshore wind in Taiwan
Copenhagen Infrastructure Partners (CIP) through its funds Copenhagen Infrastructure II (CI II) and Copenhagen Infrastructure III (CI III) has reached financial close on the 589 MW offshore wind project Changfang and Xidao off the coast of Changhua County, Taiwan.
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November 13, 2019
UKEF providing support to offshore wind farm in Taiwan
UK Export Finance (UKEF), the UK’s export credit agency, has announced its support for UK businesses supplying a large-scale wind farm off the coast of Taiwan. UKEF will provide TWD 9.2 billion of (USD 302 million) project finance guarantee for the construction of 376 MW offshore wind farm in the Taiwan Strait.
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September 23, 2019
Van Oord to work on 900 MW offshore wind project in Taiwan
Van Oord has been awarded the contract by Ørsted for the cable installation works at the Greater Changhua 1 & 2a offshore wind farms. The wind farms are located between 35 and 60 kilometres off the west coast of Changhua County, Taiwan. Greater Changhua 1 & 2a offshore wind farms will supply sustainable energy to approximately 1 million households per year.
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