Skyborn secures new funds for delayed offshore wind farm in Taiwan Strait

The consortium behind the 640MW Yunlin offshore wind farm has secured new funding to help finish its construction. 

The Yunlin offshore wind farm is under construction in the Taiwan Strait (pic credit: Skyborn Renewables)

The 640MW Yunlin project is located 10km off Yunlin in the Taiwan Strait and being developed by Skyborn Renewables, French oil major TotalEnergies, Thai electricity firm EGCO and Japanese multinational Sojitz on the project.

Construction and installation of the 80 Siemens Gamesa SG 8.0-167DD turbines has started but is incomplete. In a statement published today (30 August), Skyborn said it has now secured an extended funding agreement to complete construction.

A combination of factors resulted in the need for additional funding, a spokesperson for Skyborn told Windpower Monthly:

“The Yunlin project was initially impacted by various external issues related to Covid and the supply chain, including resource availability. Site-specific issues provided further impacts to the installation schedule.”

German developer Wpd originally completed financial close in 2019 and was awarded grid capacity for the 80-turbine project in 2018. The company subsequently sold stakes in the project and retained a 25% share.

US investment firm Global Infrastructure Partners bought Wpd's offshore wind business and launched Skyborn last year.

Taiwan is targeting 13GW of offshore wind capacity by 2030 and currently has 1.4GW installed according to Windpower Intelligence, the data and research division of Windpower Monthly.