Wind Energy – Yunlin Taiwan
Skyborn secures approval for 640MW Yunlin financing, full installation progress is expected to be completed in 2024.
The 640MW Yunlin offshore wind project has received the necessary approvals from Taiwanese authorities to enable the successful completion of its financial restructuring.
Approvals for the extended financing, announced at the end of August 2023, were awarded by Taiwan’s Ministry of Economic Affairs and Energy Administration.
Since its financial close in 2019, the Yunlin project has been a key priority for Skyborn Renewables and its partners in the development company Yunneng, consisting of TotalEnergies, Electricity Generating Public Company Limited (EGCO) and Sojitz Corporation.
Thomas Karst, CEO of Skyborn, said: “This marks the final step required to secure the financing for the project’s completion, following the principal agreement with lenders and sponsors in August 2023.”