Total acquires minor stake in Taiwanese offshore wind project 6:38 AM, 30th April 2021 Total s offshore wind power project in Europe. (Representative Image/File Photo)
PARIS, FRANCE: Total said it has signed an agreement with wpd to acquire a 23 percent interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 kilometers southwest of Taipei.
The project, currently under construction, represents production capacity of 640 megawatts (MW) and benefits from a 20-year guaranteed-price power purchase agreement (PPA) with the state-owned company Taipower of $250/MWh for the first 10 years and $125/MWh for the following 10 years. For this acquisition of a 23 percent interest, Total will pay to wpd a consideration based on its share of past costs.
TOTAL: Total Enters a 640 MW Offshore Wind Project Under Construction in Taiwan
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 kilometers southwest of Taipei. The project, currently under construction, represents production capacity of 640 megawatts (MW) and benefits from a 20-year guaranteed-price power purchase agreement (PPA) with the state-owned company Taipower of USD 250/MWh for the first 10 years and USD 125/MWh for the following 10 years
1. For this acquisition of a 23% interest, Total will pay to wpd a consideration based on its share of past costs.
Total has signed an agreement with WPD to acquire a 23% interest in Yunlin Holding, the owner of the 640MW Yunlin offshore wind farm off the coast of Taiwan.
For the acquisition of the 23% interest, Total will pay WPD a consideration based on its share of past costs.
The project is currently 48%-owned by WPD, 25% by Electricity Generating Public Company Limited and 27% by a consortium of Japanese investors led by Sojitz (Sojitz Corporation, ENEOS Corporation, Chugoku Electric Power, Chudenko Corporation and Shikoku Electric Power).
Yunlin, now under construction, has a 20-year guaranteed-price power purchase agreement (PPA) with the state-owned company Taipower of $250 per megawatt-hour for the first 10 years and $125/MWh for the following 10 years.
Total Enters a 640 MW Offshore Wind Project
Under Construction in Taiwan
Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 kilometers southwest of Taipei. The project, currently under construction, represents production capacity of 640 megawatts (MW) and benefits from a 20-year guaranteed-price power purchase agreement (PPA) with the state-owned company Taipower of USD 250/MWh for the first 10 years and USD 125/MWh for the following 10 years
1. For this acquisition of a 23% interest, Total will pay to wpd a consideration based on its share of past costs.
April 29, 2021, by Adnan Durakovic
French energy major Total has signed an agreement with wpd to acquire a 23 per cent interest in Yunlin Holding GmbH, the owner of the 640 MW Yunlin offshore wind farm in Taiwan.
The project, currently under construction, represents production capacity of 640 MW and benefits from a 20-year guaranteed-price power purchase agreement (PPA) with the state-owned company Taipower of USD 250/MWh for the first 10 years and USD 125/MWh for the following 10 years .
For this acquisition of a 23 per cent interest, Total will pay to wpd a consideration based on its share of past costs.
Located around 10 kilomtres offshore at water depths ranging from 7 to 35 metres, the wind farm will comprise 80 Siemens Gamesa wind turbines with a unit capacity of 8 MW.