Taiwan approves finance arrangements for Yunlin offshore wind farm

Jan. 4, 2024
Yunneng Wind Power has secured approvals to complete its financial restructuring from Taiwan’s Ministry of Economic Affairs and Energy Administration.

Offshore staff

HAMBURG, Germany — Yunneng Wind Power, which is developing the 640-MW Yunlin wind farm project offshore Taiwan, has secured approvals to complete its financial restructuring from Taiwan’s Ministry of Economic Affairs and Energy Administration.

The partners in Yunneng are TotalEnergies, Skyborn Renewables, Electricity Generating Public Co. (EGCO) and Sojitz Corp.

According to Skyborn CEO Thomas Karst, “So far, 34 of 80 wind turbine generators have been put online enabling the project to generate active revenues from the electricity fed into the Taiwanese power grid. Moreover, the installation teams have reached a level of 45 monopile foundations, 26 inner array grid and 12 export cables laid.”

With all financing and regulatory approvals in place, the Yunlin Project can proceed with remaining installations in 2024 and achieve a commercial operations date.

The development is in the Taiwan Strait, 8-17 km from the west coast of Taiwan, in 7-35 m water depth and over an 82-sq km area. Generated power will feed through the Taiwanese grid via two onshore substations near Taixi and Sihu in Yunlin County.

Taiwan Power has acquired all output under two 20-year power purchase agreements. 

01.04.2024