wind

Gentari Acquires Offshore Wind Capability With Partnership in Hai Long Project

Clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables 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% stake in Canada-based Northland Power Inc.’s ownership of the project, equivalent to a 29.4% indirect equity interest. 
Gentari Acquires Offshore Wind Capability With Partnership in Hai Long Project

Northland now 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.

“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 realizing our clean energy ambitions and an important milestone in our commitment to help advance the adoption of renewable energy globally,” 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.

PHOTO: L-R: David Povall (Executive Vice President of Offshore Wind, Northland Power); Mike Crawley (President and Chief Executive Officer of Northland Power); Sushil Purohit (Chief Executive Officer of Gentari); Ghoh Ban Lee (Head of Global Offshore Wind, Gentari Renewables)

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