Northland Power and Yushan Energy are collaborating on the Hai Long 2 & 3 offshore wind projects in Taiwan, with a combined capacity of around 1 GW, aimed at enhancing renewable energy development in the region.
Target Information
The Hai Long 2 & 3 offshore wind projects, located in the Taiwan Strait, are designed to contribute to the renewable energy landscape of Taiwan. These projects have a combined capacity of around 1 GW and are jointly owned by Yushan Energy, holding a 40% stake, and Northland Power, with a 60% share. Having successfully passed the Environmental Impact Assessment (EIA) in 2017, Hai Long 2 was awarded a government tariff for 300 MW on April 30, 2018, marking a significant step in its development.
The projects were also part of the initial tariff allocation round, securing a competitive rate of approximately 195 USD/MWh in early 2018. This underscores their viability within the energetic shift towards renewable resources and Taiwan’s commitment to increasing its clean energy capacity.
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Industry Overview
The renewable energy industry in Taiwan is rapidly expanding as the government aims to increase the proportion of renewable sources in its energy mix. This growth is driven by policy reforms, including ambitious targe
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