Main renewable power consultancy and repair supplier, Herbal Energy, is thrilled to have acted as technical consultant to a consortium of Jap traders led via Sojitz Company (“Sojitz”) for the settlement of an important fairness place with world wind farm developer WPD at the Yunlin Offshore Wind Park.
Yunlin Offshore Wind Park
The transaction will see Sojitz and its consortium take part as a co-owner within the mission all through development and into operations for the 640MW offshore wind farm in Taiwan. The mission will promote chronic to Taiwan Energy Corporate over a 20-year time period with a feed-in tariff scheme below Taiwan’s Renewable Power Building Act.
Kotaro Kato, Challenge Coordinator, Sojitz Company, mentioned: “This represents Sojitz’s first access into offshore wind and we imagine that offshore wind chronic has the best attainable for expansion in Japan in future years. This funding represents the 1st growth of the corporate’s renewable power trade into offshore.
“Via participation on this mission, Sojitz now not handiest achieves rapid funding goals but additionally acquires the experience to give a contribution to the growth of offshore wind trade regionally in future years.”
Kotaro continues: “Given this used to be our first funding in offshore, we had been closely reliant on our technical consultant, Herbal Energy, and had been thrilled with the experience, wisdom and improve right through the purchase – in the end resulting in a a hit transaction for Sojitz and WPD.”
Paul Concannon, Senior Challenge Supervisor in Herbal Energy’s Dublin workplace, acted as Lead Technical Consultant to Sojitz and its consortium for the transaction. He mentioned: “We had been thrilled to improve Sojitz in this thrilling funding and to be lively within the Taiwanese offshore marketplace since mid-2018. It is a burgeoning marketplace and to be running to improve the first-mover tasks in what’s a brand new trade for Taiwan, is actually thrilling and has resulted in an expanding presence for Herbal Energy available in the market.”
Herbal Energy’s international due diligence staff supplies amenities right through all levels of the transaction cycle throughout renewable power applied sciences, from preliminary possibility evaluate and reporting in early transaction levels via to complete reporting for credit-committee or knowledge room presentation at ultimate bid level or monetary shut. To find out extra right here https://www.naturalpower.com/our-services/due-diligence/
Sojitz Company is a sogo shosha (normal buying and selling corporate) primarily based in Tokyo, Japan. It’s engaged in quite a lot of companies globally, together with purchasing, promoting, uploading, and exporting items, production and promoting merchandise, offering amenities, and making plans and coordinating tasks, in Japan and in another country.
About Herbal Energy
Herbal Energy is an unbiased consultancy and repair supplier that helps an international shopper base within the efficient supply of quite a lot of renewable tasks together with onshore wind, sun, renewable warmth, power garage and offshore applied sciences. It has an international achieve, using greater than 365 team of workers throughout 11 world places of work. Its revel in extends throughout all stages of the mission lifecycle from preliminary feasibility, via development to operations and right through all levels of the transaction cycle.
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