Electricity Generating Public Company Limited (EGCO Group, Thailand) has announced its investment in the 640MW Yunlin offshore wind farm project which is under construction in Taiwan, through the acquisition of a 25% ownership interest in Yunlin Holding.
Greenwing Energy, a wholly owned subsidiary of EGCO, entered into a share purchase agreement to acquire a 25% ownership interest in Yunlin Holding (Yunlin) owned by Taiwan Offshore Holding. The transaction is expected to be closed in the 1st quarter of 2020, subject to completing all closing conditions including consent by Taiwanese authorities. Yunlin is a holding company which owns 100% of Yunneng Wind Power of Taiwan. The Project company is constructing a 640MW offshore wind farm which will be located in the Taiwan Strait approximately 8 km west of the coast of Yunlin County in Taiwan and covers an overall area of approximately 90 square kilometres.