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 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 buys into Taiwanese offshore wind sector
Deal to purchase 23% stake in Wpd’s 640MW Yunlin project marks oil major’s entry in the Asian offshore wind market
by Nadia Weekes
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Total buys stake in Taiwanese wind farm
Apr 29, 2021 11:55:am
Summary Located around 10 km offshore at water depths ranging from 7 to 35 m, the wind farm will comprise 80, 8-MW wind turbines.
by: Shardul Sharma
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Total buys stake in Taiwanese wind farm
Total has signed an agreement with Germany s Wpd to acquire a 23% interest in Yunlin Holding, the owner of Yunlin offshore wind farm located off the coast of Taiwan, it said on April 29.
The project, currently under construction, has a production capacity of 640 MW and benefits from a 20-year guaranteed-price power purchase agreement with the state-owned company Taipower, under which it will receive $250/MWh for its power during the first 10 years of operation and 25/MWh for the following 10 years. Total will pay to Wpd a consideration based on its share of past costs, it said.
Total back to pre-pandemic profit levels, buys into Taiwan offshore wind project
French supermajor posts net income in first quarter and enters under-construction offshore wind scheme 29 April 2021 7:16 GMT Updated 29 April 2021 7:23 GMT in London
French supermajor Total posted first-quarter earnings close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production.
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The Paris-based giant also revealed on Thursday that it has taken a sizeable stake in an offshore wind farm project current under construction in Taiwan.