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Sapura Energy cancels Yunlin offshore wind project
Official Press Release Sapura Energy :
Sapura Energy issues Notice of Termination for Yunlin Project on material breach of contract
Sapura Energy Berhad today announced that it has issued a termination notice to Yunneng Wind Power Co., Ltd. in respect of a contract for the transportation and installation of monopiles at the Yunlin offshore wind farm in Taiwan.
The Group’s wholly owned subsidiary Sapura Offshore Sdn Bhd, was awarded the contract in March 2019. As advised by external international counsels, Sapura Energy has an immediate right to legally and contractually terminate the contract. “Negotiations with Yunneng to remedy the breach began in November last year,” said Sapura Energy Group CEO Datuk Anuar Taib. “Since we exhausted all avenues for an amicable solution, we made the tough decision to terminate the contract in the best interest of the... ... More: Official Press Release Sapura Energy
- Keywords:
- Sapura Energy, Yunlin, wind farm, offshore, Taiwan, contract, cancellation, termination notice, breach, material breach, monopile, transport
