wpd and Bank SinoPac announce financial close Hsinyuan onshore wind project
Published by Jessica Casey,
Editor
Energy Global,
Hsinyuan Wind Power Co. Ltd, a subsidiary of wpd, and Bank SinoPac, a Taiwanese bank, have closed the financing for wpd’s Hsinyuan wind farm in Taiwan. The wind farm, located in Yunlin County in Lunbei District, comprises six Vestas V136 turbines with a capacity of 4.2 MW each and has already been built and commissioned. Financial close took place on 18 March 2024.
wpd has been active in Taiwan since 2005 and has been implementing wind and solar energy projects with its own team since 2016. The company has already installed over 200 onshore wind turbines in the country. With experienced teams and currently around 90 specialists, wpd Taiwan has excellent expertise not only for the operation of existing plants, but also for the implementation of the strong project pipeline of currently 275 MW of onshore wind and 50 MWp of PV projects.
“Our Hsinyuan project takes advantage of the excellent conditions for wind energy on the west coast of Taiwan,” said Ralf Ketteler, Head of International Project Finance at wpd. “With a hub height of 112 m, the six turbines are not only currently the largest onshore wind turbines in the country, but also make a further important contribution to the success of Taiwan’s energy transition.”
It is expected that Hsinyuan will officially transition to commercial operation in 2Q24. Once this is achieved, wpd’s overall installed capacity of onshore wind power in Taiwan will officially exceed 500 MW, further strengthening wpd’s leading position in the Taiwanese renewable energy sector.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Spring 2024 issue
The Spring 2024 issue of Energy Global starts with a guest comment from Field on how battery storage sites can serve as a viable solution to curtailed energy, before moving on to a regional report from Théodore Reed-Martin, Editorial Assistant, Energy Global, looking at the state of renewables in Europe. This issue also hosts an array of technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings, and more.
Read the article online at: https://www.energyglobal.com/wind/27032024/wpd-and-bank-sinopac-announce-financial-close-hsinyuan-onshore-wind-project/
You might also like
We're enabling long-term sustainability
Meeting emission targets is essential. Our retrofits balance ecology and economy, extend your equipment’s life, and give it a long, clean future.