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Total acquires stake in Taiwan offshore wind farm

Germany s WPD to sell part of interest in 640MW project off the coast of Yunlin County 5 May 2021 |  Michael Marray French energy major Total has signed an agreement with German renewable energy developer WPD to acquire a 23% interest in Yunlin Holding, the owner of the Yunlin offshore wind farm under construction off the coast of Taiwan. The 640MW project has a 20-year guaranteed-price power purchase agreement (PPA) with state-owned Taiwan Power Company. Yunlin is at present 48% owned by WPD, 25% by EGCO (Electricity Generating Public Company Limited), and 27% by a consortium of Japanese investors led by Sojitz Corporation (the other Japanese investors being ENEOS Corporation, Chugoku Electric Power, Chudenko Corporation and Shikoku Electric Power). 

Total Buys Taiwan Windfarm Stake

Total (NYSE: TOT) has signed an agreement with WPD to acquire a 23 percent interest in Yunlin Holding GmbH. Total (NYSE: TOT) has revealed that it has signed an agreement with WPD to acquire a 23 percent interest in Yunlin Holding GmbH, the owner of the Yunlin offshore wind farm located off the coast of Taiwan. In exchange for the 23 percent stake, Total outlined that it will pay WPD a consideration based on its share of past costs. Total noted that the acquisition, which is subject to government approval, will broaden the group’s portfolio of offshore wind projects under development and construction.

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