April 29, 2021,
by
Adnan Durakovic
French energy major Total has signed an agreement with wpd to acquire a 23 per cent interest in Yunlin Holding GmbH, the owner of the 640 MW Yunlin offshore wind farm in Taiwan.
The project, currently under construction, represents production capacity of 640 MW and benefits from a 20-year guaranteed-price power purchase agreement (PPA) with the state-owned company Taipower of USD 250/MWh for the first 10 years and USD 125/MWh for the following 10 years .
For this acquisition of a 23 per cent interest, Total will pay to wpd a consideration based on its share of past costs.
Located around 10 kilomtres offshore at water depths ranging from 7 to 35 metres, the wind farm will comprise 80 Siemens Gamesa wind turbines with a unit capacity of 8 MW.