Total acquires 23% stake in 640 MW Offshore wind farm in Taiwan

Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 kilometers southwest of Taipei.

The project, currently under construction, represents a production capacity of 640 megawatts (MW) and benefits from a 20-year guaranteed-price power purchase agreement (PPA) with the state-owned company Taipower of US$250/MWh for the first 10 years and US$125/MWh for the following 10 years. For this acquisition of a 23% interest, Total will pay wpd a consideration based on its share of past costs.

Located around 10 kilometers offshore at water depths ranging from 7 to 35 meters, the wind farm will comprise 80 wind turbines with a unit capacity of 8 MW. Construction is scheduled to be completed in 2022. Once on stream, the project will produce 2.4 terawatt-hours (TWh) of renewable electricity per year, enough to serve the power needs of 605,000 households.

Procurement of the main components has been finalized and marine works are underway.

The project is currently 48%-owned by wpd, 25% by EGCO (Electricity Generating Public Company Limited), and 27% by a consortium of Japanese investors led by Sojitz (Sojitz Corporation, ENEOS Corporation, Chugoku Electric Power, Chudenko Corporation and Shikoku Electric Power).