Electricity Generating Public Company (EGCO Group) has revealed the completion of the acquisition transaction of a 25% ownership interest in Yunlin Holding which owns the 640MW Yunlin offshore wind farm project in Taiwan.
Yunlin is a holding company which owns 100% of Yunneng Wind Power of Taiwan (project company). The project company is constructing a 640MW offshore wind farm which will be situated in the Taiwan Strait approximately 8 km west of the coast of Yunlin County in Taiwan and covers an overall area of approximately 90 square kilometers. Commissioning of the Project will occur in phases, with phase 1 comprising 352MW scheduled for completion in the 4th quarter of 2020, and phase 2 comprising 288MW scheduled for completion in the 3rd quarter of 2021.
