Page 10 - AsiaElec Week 20 2021

AsiaElec RENEWABLES AsiaElec

Total seeks stake in Taiwan

wind farm

TAIWAN TOTAL has signed an agreement with Germa- turbines was installed earlier in April.
ny-based wpd to acquire a 23% stake in Yunlin The project is planned to be completed in
Holding, which owns the 640-MW Yunlin off- 2022 and will produce 2.4 TWh of renewable
shore wind farm, located off the coast of Taiwan. electricity per year.
The project, currently under construction, Total gas, renewables and power president
benefits from a 20-year guaranteed-price power Stéphane Michel said: “This agreement provides
purchase agreement (PPA) with state-owned Total with an opportunity to gain a foothold
Taipower of $250 per MWh for the first 10 years in one of Asia’s main offshore wind markets
and $125/MWh for the following 10 years. Total and strengthens the Group’s position in this
will pay to wpd a consideration based on its share fast-growing segment, in line with its strategy
of past costs for the 23% stake. of profitable development in renewables world-
wpd currently has a 48% stake in the offshore wide. Taiwan has been a pioneer in developing
wind farm, with Electricity Generating Public offshore wind power in Asia, and we are proud
Co. (EGCO) holding 25% and a consortium of to contribute to the transformation of its energy
Japanese investors owning the rest. The Japa- mix.”
nese consortium is led by Sojitz and comprises The acquisition, subject to government
ENEOS, Chugoku Electric Power, Chudenko approval, will expand Total’s portfolio of offshore
and Shikoku Electric Power. wind projects under development and construc-
The Yunlin offshore wind farm, located tion. At the end of 2020, Total’s gross power gen-
around 10 km offshore 200 km south-west of eration capacity worldwide stood at around 12
Taipei at water depths ranging between 7m and GW including 7 GW of renewable energy. Total
35m, is already under construction. The first of aims to expand its production capacity from
the total of 80 Siemens Gamesa 8-MW wind renewable sources to 100 GW by 2030.™

P10 www. NEWSBASE .com Week 20 19•May•2021