A RENEWABLE energy consultancy based in Castle Douglas is celebrating its role as adviser to a Japanese consortium on a major deal in Taiwan’s fast-growing offshore wind-power sector.
Natural Power acted as technical adviser to a consortium of Japanese investors led by Sojitz Corporation for the agreement of a “significant equity position” with international wind-farm developer WPD on the Yunlin offshore development in the Taiwan Strait.
The consultancy said Tokyo-based Sojitz and its consortium would participate as a co-owner through the construction phase and into the operation of the 640-megawatt offshore wind farm. The wind farm will sell electricity to Taiwan Power Company over a 20-year timescale.
Kotaro Kato, project coordinator at Sojitz Corporation, said: “Given this was our first investment in offshore, we were heavily reliant on our technical advisor, Natural Power, and were delighted with the expertise, knowledge and support.”
Paul Concannon, senior project manager at Natural Power, highlighted the potential in the offshore wind-power market in Taiwan, an island democracy with a population of about 23 million.
He said: “We were delighted to support Sojitz on this exciting investment and to be active in the Taiwanese offshore market since mid-2018. This is a burgeoning market and to be working to support the first-mover projects in what is a new industry for Taiwan is really exciting and has led to an increasing presence for Natural Power in the market.”
In autumn 2017, taxpayer-backed Scottish Development International flagged high hopes of what companies north of the Border might do in the offshore wind-power sector in Taiwan.
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