wpd kicks off financing for its offshore projects in Taiwan to be realized in 2020

Talks with international and especially local banks to be involved in the financing have been started as well, and the plan is to have financial close by the end of 2018.

wpd intends to commission the Guanyin and Yunlin projects in 2020 under the so-called “Fast Track” of phase 2 of the governmental legislative framework to promote offshore wind energy – part of the governmental offshore wind goal of 5.5 GW to be realized by 2025. Guanyin and Yunlin are in an excellent position to reach this goal: Guanyin received the required EIA approval as first project in the market and also Yunlin passed the EIA review meeting successfully. Grid connections are already confirmed and plans for onshore substations are finalized.

wpd Taiwan Energy Co. Ltd. is an important part of the wpd group, a leading on- and offshore developer and independent power producer with more than 4 GW wind power realized worldwide so far. The Taiwanese market plays a leading role in wpd´s growth strategy and the company focusses and will continue to work on Taiwan´s future energy turnaround. 70 employees are currently realizing the pipeline of 500 MW onshore wind farms and 50 MW photovoltaic plants.

In order to realize the Taiwanese offshore pipeline, wpd will combine its local presence with its expertise in the development, construction and finance of offshore wind projects. Since the year 2000, wpd offshore with over 200 project team members has reached full permitting package for 13 offshore wind farms. Of these, five projects (1,300 MW) are operational and three of them have been built under wpd construction management.