Wind Energy – Hai Long Taiwan
Canadian energy company Northland Power has agreed to sell its 49% stake in the 1.04GW Hai Long offshore wind project in Taiwan to Gentari International Renewables.
![](https://ocean-energyresources.com/wp-content/uploads/2022/12/northland.jpg)
The deal will allow Northland Power to partner with Gentari through an equity consideration of nearly TWD18bn ($586m).
The final equity consideration is subject to closing adjustments and the purchase and sale agreement terms.
Once the deal has closed, Gentari will hold a 29.4% indirect equity interest in the Hai Long offshore wind farm.
Northland will continue as Hai Long’s single largest shareholder, with a 30.6% stake. It will also continue to lead the project’s construction and operations activities.
The two companies have also signed an exclusivity agreement to promote the growth of Taiwan’s offshore wind industry.