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February 27, 2019

Northland secures PPA with Taipower for Hai Long 2A offshore windfarm

Canadian company Northland Power has signed a power purchase agreement (PPA) for Taiwan Power Company's (Taipower) Hai Long 2A offshore wind project, based on its 300MW feed-in-tariff (FIT) allocation. 

Canadian company Northland Power has signed a power purchase agreement (PPA) for  Taiwan Power Company’s (Taipower) Hai Long 2A offshore wind project, based on its 300MW feed-in-tariff (FIT) allocation.

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Delve into the renewable energy prospects for Morocco

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The PPA was secured by a subsidiary of Northland Power.

Under the agreement, Hai Long 2A has entered a 20-year PPA with Taipower at the 2019 FIT rate of TWD6.2795 per kWh and TWD4.1422 per kWh for the first and second ten-year periods respectively.

The Taiwanese Government implemented the FIT programme in 2015 to provide long-term contracts designed to inaugurate its offshore wind sector.

“Offshore wind has the potential to transform Taiwan’s economy and environment, creating jobs while helping to foster energy security.”

Northland Power president and CEO Mike Crawley said: “Today’s announcement is excellent news for Northland and demonstrates Taiwan’s commitment to becoming a leader in Asia’s burgeoning offshore wind sector.

“Offshore wind has the potential to transform Taiwan’s economy and environment, creating jobs while helping to foster energy security.

“This project also aligns with Northland’s commitment to deliver long-term value to shareholders, while supporting the global transition to clean and green energy sources.”

Hai Long 2A is jointly owned by Northland (60%) and its partner Yushan Energy (40%), and the first of the three Hai Long projects (1,044MW) to receive its PPA.

Currently, Northland and Yushan Energy are engaged in the development of the Hai Long 2B and Hai Long 3 offshore wind projects in Taiwan.

In May 2018, Northland Power was awarded a contract by the Taiwan Bureau of Energy (BOE) to connect 300MW from the Hai Long 2 offshore windfarm to the country’s grid.

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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