wpd has expanded its presence in Taiwan with signing an agreement with Taiwan Green Power (TGP), an offshore wind developer under the Taiwanese LeaLea Group.
The partners will jointly develop the No. 28 offshore wind farm site, which is expected to be part of Taiwan’s third tender round.
The project with a planned installed capacity of up to 600 MW is located in a region with excellent wind conditions off the coast of Changhua.
LeaLea has already earned EIA approval through its development and has built up a lot of local support for the project.
As for the 350 MW Guanyin project, wpd’s second offshore project in Taiwan, further significant steps have been taken.
In order to comply with the 2020 tariff, wpd was able to make the construction schedule more effective and thereby save extra costs.
“wpd values long-term partnerships and local footprint. In challenging times this becomes even more important and we are happy to strengthen our ties to Taiwan by introducing new investors to the country and by finding new local alliances. Taiwan will remain our key market in Asia.”Achim Berge Olsen, COO wpd.
It is now planned that the project will be completed in one year, and all major supply agreements have been changed to accommodate this strategy.