A consortium of Japanese investors led by Sojitz Corporation is taking a 27% stake in WPD's 640MW Yunlin offshore wind farm off Taiwan. Other members of the consortium are Chugoku Electric Power, Chudenko Corporation, Shikoku Electric Power and JXTG Nippon Oil & Energy Corporation. WPD added that debt financing for the project from unnamed Taiwanese and international banks is also close to completion. Offshore construction is scheduled to start in March 2020, the company said. Yunlin will be located eight kilometres off the coast and comprise 80 Siemens Gamesa 8MW turbines. WPD head of M&A Helge Rau said: “With the acquisition of the consortium around Sojitz as a co-investor we could achieve another important milestone for the project securing the equity financing of the so far largest offshore wind farm in Taiwan. “We are looking forward to the co-operation with this group of re-known investors and are well on track to finalise the overall financing of the project in due course.“
A consortium of Japanese investors is to buy 27 % of the 640 MW Yunlin offshore wind farm in 2020 , which is being developed by WPD . The consortium is led by Sojitz Corporation and includes Chugoku wind Power , Chudenko Corporation , Shikoku wind Corporation and dong Nippon Oil & Energy Corporation . WPD said Taiwanese and international banks would provide debt financing for the scheme , which will involve 80 Siemens Gamesa turbines being installed 8 km off the Taiwanese coast with construction set to start in March 2020 .