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Extended funding agreement obtained
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Modified installation schedule on track
HAMBURG, GERMANY – EQS Newswire – August 30, 2023 – Skyborn Renewables (Skyborn) and its partners at Yunneng Wind Power Co., Ltd., TotalEnergies, Electricity Generating Public Company Ltd.
(EGCO) and Sojitz Corporation (Sojitz), have successfully secured an extended financing agreement to complete the construction of the 640 MW Yunlin Offshore Wind Farm Project in Taiwan.
“This is a major milestone for the Yunlin project and the offshore wind industry in Taiwan. This demonstrates our commitment to Taiwan’s clean energy transition and underscores our project management capability,” said Thomas Karst, CEO of Skyborn. Commenting on the progress of the project, Karst added, “Thanks to the good cooperation of all stakeholders as well as the tenacity and dedication of the project team, the 2023 installation campaign is on track and preparations for the 2024 installation campaign are almost complete.
The Yunlin offshore wind farm project is a key priority for Skyborn and its partners. Power from the project is supplied to Taipower under two 20-year power purchase agreements. When completed, the 640 MW project will be one of the largest offshore wind farms in Taiwan, producing enough clean energy to meet the power needs of more than 600,000 Taiwanese homes.
The Yunlin Offshore Wind Farm Project is located in the Taiwan Strait, between 8 and 17 kilometers off the west coast of Taiwan, in water depths ranging from 7 to 35 meters. The 82 km² project area includes 80 wind turbines whose generated electricity is fed into the Taiwanese power grid via two onshore substations near Taixi and Sihu townships in Yunlin County.
Partners of Yunneng Wind Power Co., Ltd.
Skyborn Renewable Energy
Skyborn Renewables (Skyborn) is an accomplished offshore wind developer and operator with over 20 years of experience, headquartered in Germany. Our capabilities span the entire offshore wind value chain, including new plant development, project engineering and design, procurement, financing, power purchase agreements and business, construction management and asset management. Skyborn is a portfolio company of Global Infrastructure Partners (GIP), a leading infrastructure investor headquartered in New York, USA.
TotalEnergies
TotalEnergies is a global multi-energy company, active in more than 130 countries, which produces and markets energies: oil and biofuels, natural gas and green gases, renewable energies and electricity. As part of its ambition to reach net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewable energies. At the end of June 2023, the gross installed renewable electricity production capacity of TotalEnergies was 19 GW. TotalEnergies will continue to develop this activity to reach 35 GW of gross production capacity from renewable sources and storage by 2025, then 100 GW by 2030 with the objective of being among the top 5 world producers of electricity from wind and solar sources.
The Public Electricity Company Limited (EGCO)
EGCO Group, Thailand’s leading independent power producer, focuses on clean and socially responsible energy businesses in Asia and North America. The Company’s facilities generate electricity from a variety of fuel sources and the Company has established an internal goal to achieve carbon neutrality within its operations by 2040.
Sojitz Corp.
Sojitz Corporation is a major investment and trading company in Japan that conducts its extensive operations in approximately 50 countries around the world through approximately 440 consolidated subsidiaries and affiliates located in Japan and overseas. Sojitz was born from the union of Nichimen and Nissho Iwai Corp. Both with a long history of investing globally for over 160 years, Sojitz is a listed company on the Tokyo Stock Exchange.
This press release and press photos are available at
https://www.skybornrenewables.com/articles/newsroom/financing_secured_to_complete_yunlin_offshore_wind_farm_project
Hashtag: #SkybornRenewables
The issuer is solely responsible for the content of this announcement.
