Macquare Capital and Swancor have signed a 20-year power purchase agreement (PPA) with Taiwanese state utility Taipower for the output of the joint venture’s (JV’s) 376MW Formosa 2 project. It is the first PPA to be negotiated between the utility and one of the developers of ten projects with a combined capacity of 3.8GW that were allocated a grid connection in April. The JV has not revealed the price it will receive for power from the wind farm, also known as Haineng, which will be connected to the grid in 2020. It also has not disclosed the turbine supplier or how many turbines will be installed at the site in the Taiwan Strait.
Wind Power Offshore 14th Dec 2018 read more »