Natural Power acted as technical advisor to a consortium of Japanese investors, led by Sojitz Corporation, on an equity deal concerning the 640MW Yunlin site off Taiwan’s coast.
The consortium is taking a 27% stake in WPD’s Yunlin offshore wind farm. Construction is due to start next year.
Other members of the consortium are Chugoku Electric Power, Chudenko Corporation, Shikoku Electric Power and JXTG Nippon Oil & Energy Corporation.
Trading company Sojitz and its consortium participate as a co-owner in the project right through construction and into operations.
The project will sell power to Taiwan Power Company over a 20-year term with a feed-in tariff scheme under Taiwan’s Renewable Energy Development Act.
Sojitz project coordinator Kotaro Kato said: “This represents Sojitz’s first entry into offshore wind and we believe that offshore wind power has the greatest potential for growth in Japan in years to come.
“Through participation in this project, Sojitz not only achieves immediate investment objectives but also acquires the expertise to contribute to the expansion of offshore wind industry domestically in years to come.”