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Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 km southwest of Taipei.
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 US$250/MWh for the first 10 years and US$125/MWh for the following 10 years. For this acquisition of a 23% interest, Total will pay to wpd a consideration based on its share of past costs.
Located around 10 km offshore at water depths ranging from 7 - 35 m, the wind farm will comprise 80 wind turbines with a unit capacity of 8 MW. Construction is scheduled to be completed in 2022. Once on stream, the project will produce 2.4 TWh/yr of renewable electricity, enough to serve the power needs of 605 000 households.
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.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
Total has signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan, around 200 kilometers southwest of Taipei. The project, currently under construction, represents production capacity of 640 megawatts (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
1. For this acquisition of a 23% interest, Total will pay to wpd a consideration based on its share of past costs.
Total Enters a 640 MW Offshore Wind Project Under aogdigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aogdigital.com Daily Mail and Mail on Sunday newspapers.
Egco projects 10% capacity rise for 2021
published : 2 Feb 2021 at 04:00
6 Egco has acquired shares in a natural gas-fired cogeneration facility, known as Linden Cogen, in Linden, New Jersey, the US.
Electricity Generating (Egco), a subsidiary of state-run Electricity Generating Authority of Thailand, expects its power generation capacity will rise by 10% this year from 5,422 megawatts as two key projects under its 37-billion-baht capital spending are set to start operations later this year.
The 2021 budget is being spent to support development of power plants, fuelled by fossil fuels and renewable resources, as well as the company s asset acquisition plans.
Egco president Thepparat Theppitak said the new capacity will mainly be added by renewable power generation facilities in Taiwan and Laos, scheduled to start operating by the fourth quarter of this year.