CPPA signed for Taiwanese offshore wind power

The agreement is with an investment grade counterparty and covers all the electricity of Hai Long 2B and 3, which have a combined capacity of 744 MW. It runs over a 20-year period at a fixed-price, commencing once Hai Long reaches full commercial operations in late 2026.

Hai Long consists of three offshore wind sites being developed as a single project with a combined gross capacity of 1,044 MW. In addition to Hai Long 2B and 3, the project includes Hai Long 2A (300 MW). Hai Long 2A entered a separate 20-year power PPA with Taipower in 2019 under a Feed-in-Tariff allocation. Northland has a 60 percent interest in Hai Long.

Mike Crawley, President and Chief Executive Officer of Northland noted, “Today’s announcement is a substantial milestone for Northland and for our partners in the Hai Long project. This agreement marks Northland’s first signed corporate PPA and aligns with our commitment to supporting the global decarbonization efforts by governments and corporate entities through the development of renewable energy. In particular, the development of Hai Long will support Taiwan’s transition to renewable energy.”