News

Lending & Credit Project

Staff Reporter

, Taiwan

Published:

10 months ago

211 views

Photo by Pixabay: https://www.pexels.com/photo/wind-turbine-landscape-photography-532192/

Taiwan OK’s financial restructuring for Yunlin offshore wind farm

The 640 MW project is expected to be completed in 2024.

The Ministry of Economic Affairs of Taiwan has approved the financial restructuring of the 640-megawatt Yunling Offshore Wind Farm Project.

Project operator Yuneng Wind Power Co., Ltd. has announced the financial restructuring in August 2023.

The project is funded by Skyborn Renewables and its investment partners Total Energies and EGCO Group, and Japan’s Sojitz Corporation. Its financing group has not changed since the initial funds were received which includes over 20 domestic and foreign specialised banks and export credit agencies, the operator said.

ALSO READ: Taiwan’s RE capacity has risen 7-fold since 2016

Tianfeng New Energy CEO Thomas Karst said 34 of the 80 wind turbines have been installed so far.

The electricity to be generated from the project will be supplied to the Taiwan Electric Power Company under two 20-year power purchase agreements.

The wind farm can generate power that can meet the needs of over 600,000 households.

Also Read

China invests over $100b overseas in cleantech since 2023

GPSC bags $216.85m loan for clean energy investments

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit