KUALA LUMPUR, Malaysia – 29 December 2023
– Clean energy solutions provider Gentari, through its
subsidiary Gentari International Renewables Pte Ltd has added
offshore wind capacity into its portfolio, following an investment
into the Hai Long offshore wind project located off the Changhua
coast in the Taiwan Straits. The investment sees Gentari taking a
49 percent stake in Canada-based Northland Power Inc.’s
(Northland) ownership of the project, equivalent to a 29.4 percent
indirect equity interest. Northland now holds a 30.6 per cent
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.
“Gentari
is pleased to expand into the offshore wind sector through this
strategic partnership with Northland for the Hai Long offshore
wind project. 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,”
commented Sushil Purohit, Chief Executive Officer of Gentari.
“Northland
is delighted to welcome Gentari as an official long-term partner
of the Hai Long offshore wind project. We believe Gentari will add
significant value to amplify our impact in this space. Together,
we are embarking on a journey where our aligned vision and
collaborative effort can further accelerate progress towards a
sustainable energy future,” said Mike Crawley, President
and Chief Executive Officer of Northland.
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.