Sojitz signs purchase agreement with wpd for Yunlin offshore wind project
Sojitz Corporation has signed a share purchase agreement with German wind farm developer wpd regarding Yunlin Holding GmbH, which will see Sojitz participate in the construction and operation of an offshore wind farm in Taiwan.
The agreement calls for Sojitz to acquire a 27% stake in Yunlin HD through Starwind Offshore GmbH, a German holding company established jointly between Sojitz; JXTG Nippon Oil & Energy Corporation (JXTG Energy); The Chugoku Electric Power Co., Inc. and Chudenko Corporation (C&C); and Shikoku Electric Power Co., Inc.
The acquisition is scheduled to finish sometime in the latter half of May, once necessary procedures have been completed.
The project is being developed 8 km off the coast of Yunlin County in 2 phases, with 360 MW commencing operations in 2020 and the remaining 348 MW commissioned the following year. Grid connections have been confirmed and plans for onshore substations for the project have been completed.
The project is composed of 80 wind turbines with a 8 MW capacity each and will feature a 170 km of 66kV submarine cable to an offshore wind farm off the coast of Yunlin Xian, Taiwan.
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