Northland Power Inc., through its subsidiary, has executed a Power Purchase Agreement (PPA) with Taiwan Power Company for its Hai Long 2A offshore wind project, based on its 300 MW Feed-in-Tariff (“FIT”) allocation. Northland and its partner Yushan Energy Co. Ltd. (“Yushan Energy”) own 60% and 40% of Hai Long 2A, respectively. Hai Long 2A is the first of the three Hai Long projects (1,044 MW total capacity) to receive its PPA.
Hai Long 2A has entered into a 20-year power PPA with Taipower at the 2019 FIT rate of TWD 6.2795/kWh (US$0.221 per kWh) and TWD4.1422/kWh (US$0.134 per kWh) for the first and second 10-year periods, respectively. In 2015, the Taiwan government implemented the FIT program to provide long-term contracts designed to inaugurate its offshore wind sector. Project economics and financing details will be finalized as development progresses.
Northland and Yushan Energy are also engaged in developing the Hai Long 2B and Hai Long 3 offshore wind projects in Taiwan. In June 2018, these projects were allocated grid capacity for connection in 2025 under Taiwan’s auction program and are expected to execute their respective PPAs with Taipower in 2019.
Country updates
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February 25, 2019
Taipower signs PPA deals for 3 offshore wind projects
Taipower, a Taiwanese state-run power utility, has signed power purchase agreements (PPA) for 3 offshore wind projects. The facilities are located in the Taiwan Strait. Taipower signed 20-year PPAs f...
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February 04, 2019
EU clears JERA Co's plan to acquire interest in 128 MW Formosa 1 offshore wind project
The European Commission has approved, under the EU Merger Regulation, to change the joint ownership over the 128 MW Formosa 1 wind project by adding JERA Co to the group, following the transaction tha...
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January 30, 2019
Google signs first renewable PPA in Asia
Google has announced that it has signed a long-term agreement to purchase the output of a 10 MW solar array in Tainan City, Taiwan. This represents the company's first corporate purchase...
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January 14, 2019
LS Cable to equip Yunlin offshore wind project in Taiwan
LS Cable & System will equip the 708 MW Yunlin offshore wind project in Taiwan with 170 km of 66 kV submarine cables to an offshore wind farm off the coast of Yunlin Xian by 2020. The LS Cable is...
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January 08, 2019
Ørsted halts development of 900 MW wind projects in Taiwan
Ørsted has announced that it is pausing and revisiting all activity related to the Changhua 1 and 2a wind projects in Taiwan, including project timelines and supply chain co...
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