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Reported by wpd on 3 June 2019

wpd secures onshore wind pipeline in South Korea

Nordergründe wind farm (Courtesy of wpd onshore GmbH & Co. KG)

After launching its Seoul office in late 2018, wpd is securing a pipeline of five onshore wind projects with a total capacity exceeding 160 MW entering into a co-operation with a local developer.

While the partner brings in the local footprint including relationships with stakeholders and governmental bodies, wpd adds its technical development expertise, strong know-how and industry network as well as financing capacity to take the projects to the next level. Wind measurement campaigns have been initiated and the projects are expected to be commissioned starting in 2021.

wpd launched its subsidiary wpd Korea Ltd., Seoul, in November 2018 seeking to develop projects across various technologies including on- and offshore wind as well as PV. In its approach to the Korean market the company focusses on co-operations with local developers as well as own greenfield development activities.

South Korea is an important part of wpd’s Asian growth strategy including the launch of further offices in Japan and on the Philippines. Furthermore, wpd has a strong footprint in Taiwan with a staff exceeding 90 employees and strong track record. Only recently wpd announced to have reached financial close for its 640 MW/ € 2.7 bn Taiwanese offshore wind project “Yunlin” being one of the largest investments in renewables in the APAC region ever.

References

[1]

wpd onshore GmbH & Co. KG. Press release - wpd secures onshore wind pipeline in South Korea. URL: http://www.wpd.de/en/infotheque/press-releases/press-release-detail/02073fab9348.... [Date Accessed: 03/06/2019].

[2]

wpd onshore GmbH & Co. KG. Press releases. http://www.wpd.de/en/infotheque/press-releases. [Date Accessed: 18/05/2018].

30 May | wpd achieved Financial Close for its 640 MW offshore wind farm Yunlin in Taiwan

The 640 MW Yunlin offshore wind farm project, the largest offshore wind transaction financed in Asia Pacific and the first large multi megawatt offshore wind project in Taiwan, reached financial close on May 30th 2019.

05 Apr | wpd secures equity for its Taiwanese 640 MW offshore wind farm Yunlin

wpd group announces that a consortium of Japanese investors led by Sojitz Corporation will acquire a 27 percent stake in its Taiwanese offshore wind farm Yunlin. Further members of the consortium are The Chugoku Electric Power Co., Inc., Chudenko Corporation, Shikoku Electric Power Co., Inc.

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The Polish Energy Regulatory Authority announced on November 21st that wind farm developer wpd has won the contract for implementing four wind projects with a total output of 102.5 MW in Poland.

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05 Oct | Funding for wpd’s Yunlin project in Taiwan ahead of the finish line

Funding for wpd’s Yunlin project is close to completion and the group of investors and banks will be finalised in a few weeks. The two processes of equity and debt financing run in parallel with the result that the funding package for Yunlin will be completed by the end of the year.