EGCO acquires 25% of 640 MW Yunlin offshore wind project

Electricity Generating Public Company Limited (EGCO Group) has invested in the 640 MW Yunlin offshore wind farm project which is under construction in Taiwan, through the acquisition of a 25% ownership interest in Yunlin Holding GmbH.

Yunlin is a holding company that owns 100% of Yunneng Wind Power Co., Ltd. The project company is constructing a 640 MW offshore wind farm which will be located in the Taiwan Strait approximately 8 km west of the coast of Yunlin County and covers an overall area of approximately 90 square kilometers.

Yunlin entered into power purchase agreements with Taiwan Power Company (Taipower) on December 11, 2018, for each of its two phases. Through these PPAs, the company has secured a fixed 20-year feed-in-tariff for the sale of electricity from the project. 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.