Northland Power signs PPA for 744 MW Offshore wind farms in Taiwan

Northland Power Inc. has signed a 20-year Corporate Power Purchase Agreement (CPPA) for production from its Hai Long offshore wind project in Taiwan with an unnamed investment grade counterparty.

The deal covers 100 percent of the power that will be generated from the Hai Long 2B and 3 offshore wind farms having a combined capacity of 744 MW at a fixed-price rate and will start once the project enters full commercial operations in late 2026.

Hai Long consists of three offshore wind sites that are being developed as a single project with a combined gross capacity of 1,044 MW. Hai Long 2 is split between two sub-wind farms, HL2A with a maximum installed capacity of 300MW and HL2B with a maximum installed capacity of 232MW. Whereas Hai long 3 will have an installed capacity of 512 MW. Northland has a 60 percent interest in Hai Long.