wpd Group has now started the financing process with Sumitomo Mitsui Banking Corporation (SMBC) as financial advisor.
wpd Taiwan Energy Co. Ltd intends to commission the Guanyin (360 MW) and Yunlin (700 MW) offshore wind projects in 2020, having started the procurement process in 2017. The company is doing so under the so-called “Fast Track” of phase 2 of the Taiwan governmental legislative framework to promote offshore wind energy, part of an 5.5 GW offshore wind goal target for 2025. It has begun talks with international and local banks and it aims to achieve financial close by the end of this year.
Guanyin and Yunlin are in an excellent position to help the Taiwan government reach its offshore wind goal. Guanyin has received EIA approval and Yunlin has passed the EIA review meeting successfully. Grid connections have been confirmed and plans for onshore substations are now finalized.
wpd Taiwan Energy Company is an important part of the wpd group, specialising in onshore and offshore wind. It is an independent power producer with a portfolio of more than 4 GW wind power worldwide. The Taiwanese market is an important part of the company’s overall growth strategy with 70 employees currently working on a pipeline of 500 MW of onshore wind and 50 MW of solar PV plant.