From left: David Povall, executive vice-president of Offshore Wind, Northland Power; Mike Crawley, president and CEO of Northland Power; Sushil Purohit, CEO of Gentari; and Ghoh Ban Lee, head of global offshore wind, Gentari Renewables
KUALA LUMPUR: Clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables Pte Ltd, has invested in the Hai Long offshore wind project located off the Changhua coast in the Taiwan Straits.
In a statement, the company said the investment sees Gentari taking a 49% stake in Canada-based Northland Power Inc’s ownership of the project, equivalent to a 29.4% indirect equity interest.
Northland holds a 30.6% ownership interest in the overall project and will continue to take the lead role in the construction and operation of the project developed as a joint venture between Northland and Japan-based Mitsui & Co.
Comprising two phases, the project has an expected combined generating capacity of 1,022 MW and will play an important role in helping Taiwan achieve its renewable energy target of 15 GW of offshore wind to be constructed between 2026 and 2035.
Once operational, Hai Long will be the largest offshore wind project surrounding the island, besides being one of the largest offshore wind facilities in Asia, providing enough clean energy to power more than one million households as well as industrial facilities in Taiwan.
“Bringing Gentari to the forefront of the offshore wind industry is a powerful step towards realising our clean energy ambitions and an important milestone in our commitment to help advance the adoption of renewable energy globally.
"The project not only aligns with our vision for a sustainable future and our aim to contribute meaningfully to a cleaner tomorrow, but also strengthens Gentari’s position as a valued clean energy solutions partner in achieving net zero goals,” said Gentari CEO Sushil Purohit.
Gentari’s global aspiration includes building 30 to 40 GW in renewable energy capacity by 2030 through projects across solar, onshore and offshore wind and battery storage, targeting utility-scale, commercial, industrial and retail customers.
