WPD has signed an agreement to jointly develop a 600MW offshore wind farm with Taiwan Green Power (TGP).
The project, dubbed site No.28, is located off the coast of Changhua in an area with excellent wind conditions, said WPD.
WPD’s second offshore project in Taiwan, the 350MW Guanyin wind farm, is expected to be installed by 2022, the company said.
“All major supply agreements have been adjusted to support this approach. While the signing of the supply agreements is expected in the next few weeks, it’s dependent on the issuance of the last remaining permits in summer, followed by closing the financing in the fourth quarter of 2020,” WPD said in a statement.
WPD chief operating officer 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.”
With projects in Germany, Finland, France, Japan, Sweden and Taiwan, WPD is pursuing an offshore pipeline of 7400MW.