Vattenfall’s Norfolk Vanguard project will use up to 180 turbines. Credit: Nicholas Doherty.

Offshore wind developer wpd has strengthened its presence in Taiwan by signing a joint venture agreement with Taiwan Green Power (TGP).

As per the terms of the agreement, the parties will participate in the third tender round in Taiwan and intend to bid for the offshore wind farm site number 28.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Located off the coast of Changhua, the offshore wind project will be jointly developed by the two companies. It has up to 600MW of planned installed capacity and already secured the Environmental Impact Assessment (EIA) approval.

TGP is an offshore wind developer and part of Taiwanese LeaLea Group.

In another development, wpd expects the 350MW Guanyin wind farm to be installed within 2022, becoming its second offshore project in Taiwan.

The final remaining permits are expected to be issued in the summer and achieve finance closing in the fourth quarter of this year. Also, supply agreements are anticipated to be signed in the coming weeks.

Additionally, the Thai Electricity Generating Public Company (EGCO Group) has acquired a 25% stake in wpd subsidiary Yunlin Holding.

The 640MW Yunlin offshore wind farm is owned by Yunlin Holding and located in the Taiwan Strait. The project will feature a total of 80 Siemens Gamesa SG 8.0 turbines.

A Japanese group of investors led by trader Sojitz holds 27% in the project.

wpd COO Achim Berge Olsen said: “wpd values long-term partnerships and local footprint. In challenging times this becomes even more important and we are happy to strengthen our ties to Taiwan by introducing new investors to the country and by finding new local alliances. Taiwan will remain our key market in Asia.”