Climate Changed
Mitsui Buys 50 Percent of Taiwan Wind Power Developer Yushan Energy
- Project with 300MW may cost $1.8 billion to develop: BNEF
- Taiwan is seeking funds to back shift away from nuclear power
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Mitsui & Co. Ltd. is buying a 50 percent stake in wind farm developer Yushan Energy Co., giving the Japanese trading house a stake in an offshore power project in Taiwan.
Yushan is a unit of Enterprize Energy, which owns a 40 percent net interest in the Hai Long Offshore Wind development in the Taiwan Strait, according to an emailed statement from Enterprize. The 300-megawatt project still in the planning stages and may require $1.8 billion to develop, according to Bloomberg New Energy Finance.