Wpd Secures Wind Pipeline of 5 Projects Worth 160 MW in South Korea

Germany-based Wpd has secured a project pipeline of five onshore wind projects with a total capacity exceeding 160 MW in South Korea.

Germany-based wind energy major Wpd has announced that it has secured a project pipeline of five onshore wind projects with a total capacity exceeding 160 MW in South Korea. The pipeline has been secured as a result of cooperation with a local developer.

While the partner brings in the local footprint including relationships with stakeholders and governmental bodies, wpd adds its technical development expertise, strong know-how and industry network as well as financing capacity to take the projects to the next level. Wind measurement campaigns have been initiated and the projects are expected to be commissioned starting in 2021.

wpd launched its subsidiary wpd Korea Ltd., Seoul, in November 2018 seeking to develop projects across various technologies including on- and offshore wind as well as PV. In its approach to the Korean market, the company focusses on co-operation with local developers as well as own greenfield development activities.

South Korea is an important part of the company’s Asian growth strategy including the launch of further offices in Japan and on the Philippines. Recently wpd announced to have reached financial close for its 640 MW/ € 2.7 billion Taiwanese offshore wind project “Yunlin” being one of the largest investments in renewables in the APAC region ever.

Recently we reported that, following its selection as the preferred supplier in May 2018, Siemens Gamesa Renewable Energy (SGRE) has received the firm order by wpd offshore to supply the 640 MW Yunlin offshore wind power plant in Taiwan.

Located approximately six kilometers from shore in the Taiwan Strait, the plant will feature 80 SG 8.0-167 DD offshore wind turbines. This first firm order in the Asia Pacific (APAC) for the SG 8.0-167 DD also includes a 15-year long-term service agreement. Construction is expected to start in 2019, with turbine installation beginning in 2020.