The Board of Directors together with senior management team of Electricity Generating Public Company Limited or EGCO Group led by Dr. Prasert Sinsukprasert, Chairman, and Dr. Jiraporn Sirikum, President, recently visited and inspected the construction site of the Yunlin offshore wind farm project in Taiwan. The project successfully completed the installation of all 80 monopile foundations. Meanwhile, the other works have made impressive progress as planned. The project has currently installed 64 wind turbine generators (WTGs). The remarkable progress reiterates the company's intention to complete the construction works and connected the wind turbine generators (WTGs) with a total capacity of 640 MW to the grid by the end of 2024. Once completed, the project will steadily generate revenue and strengthen EGCO Group's cash flow.
EGCO Group owns 26.56% stakes in the 640 MW Yunlin offshore wind farm. The project is located in the Taiwan Strait, between 8 and 30 kilometers off the west coast of Taiwan, and covers an overall area of 90 square kilometers. It delivers electricity under a 20-year power purchase agreement with Taipower (Taiwan Power Company). The completed WTGs fed to the grid have an average capacity factor in excess of 40%, confirming its capability to generate future income. Once completed by the end of 2024, the 640 MW Yunlin Project will produce enough clean energy to serve the energy needs of more than 600,000 Taiwanese households.