Leading law firms – Linklaters, Clifford Chance, White & Case, Jones Day, Hogan Lovells, and Taiwanese law firms Lee & Li and Tsar & Tsai Law Firm – have represented international powerhouses Mitsui & Co and Northland Power Inc in the arrangement of a significant joint venture. The venture involves the creation of a $6.5 billion offshore wind farm in Taiwan, a project known as the Hai Long. With its sizable financing, Hai Long emerges as one of the grandest offshore wind project financing transaction recorded in Asia Pacific, and in Taiwan specifically.
Mitsui of Japan and Northland Power of Canada’s collaborative effort is forecasted to generate about one gigawatt of electricity. This volume of electricity production designates the Hai Long project as the most extensive offshore wind project that Mitsui has ever invested in, as reported by
Nikkei Asia.
For those who would like to acquire a deeper understanding of this news story, here’s a link to the
original report on Law.com, which unfortunately is restricted to subscribers.