Toronto: Northland Power Inc. announced April 30 that the Taiwan Bureau of Energy had allocated 300 megawatts to the Hai Long 2 offshore wind farm under Taiwan’s Feed-in-Tariff program. The decision allocates that much capacity for Hai Long 2 to connect to Taiwan’s grid in 2024, and advances the project’s ability to execute a 20-year power contract under Taiwan’s FIT regime. Northland and its partner Yushan Energy Pte. Ltd. own 60% and 40% of Hai Long 2, respectively.
Hai Long 2 received its environmental permit in early 2018 and advanced development work is ongoing. Project economics and financing details will be finalized as development progresses. Selection of the turbine supplier and negotiation of construction contracts is underway.
In 2015, the Taiwanese government implemented a FIT program with long-term contracts designed to kick-start its offshore wind sector. Northland says it has established a meaningful presence in Taiwan, and has been working closely with Yushan Energy to complete all remaining regulatory and permit-related activities needed to execute a power purchase agreement for Hai Long 2 in late 2018.