wpd kicks off financing for its offshore projects in Taiwan to be realized in 2020
The wpd group is pushing forward its offshore plans in Taiwan. Having already started the procurement process for its offshore wind projects Guanyin (360 MW) and Yunlin (700 MW) in 2017, the financing process has now kicked off with the appointment of Sumitomo Mitsui Banking Corporation (SMBC) as their financial advisor. 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.
About wpd AG
wpd is a developer and operator of onshore and offshore wind farms worldwide, and is actively engaged in 18 countries. The head office is in Bremen. For more than 20 years the company has been realising projects which now total 2,080 wind turbines with a total capacity of 4,100 megawatts. On an international scale, wpd is planning projects of around 7,500 megawatts onshore and over 5,600 megawatts offshore. wpd has planned numerous offshore wind farms. In December 2017 the german nearshore project Nordergründe, was connected to the grid with a capacity of 111 megawatts.