The delay in turbine commissioning at Taiwan’s Hai Long offshore wind farm may affect Northland Power’s anticipated pre-completion revenues by about CAD 150 million to CAD 200 million in 2026, as reported in the company’s third-quarter 2025 results.
More than half of the turbines are now installed at the 1 GW Hai Long offshore wind farm in Taiwan. This follows CSBC-DEME Wind Engineering (CDWE) completing the installation of all 37 units at Hai Long 2 in October 2025.
The company also announced the completion of export cable installation. Northland Power indicated that the slower commissioning of Siemens Gamesa 14 MW turbines might impact their 2026 revenues. Nonetheless, the production of remaining components continues on schedule.
The Hai Long offshore wind project is expected to achieve full commercial operations by 2027, with costs in line with original estimates. The project, jointly developed by Northland Power, Gentari, and Mitsui & Co., generated its first power in June.
The 1.1 GW Baltic Power project in Poland is also on track for commercial operations in the latter half of 2026, maintaining its original cost projections. Last month, offshore substations were installed at the project site, located about 20 kilometers from Choczewo’s shore.
Work continues on the 800 MW Spiorad na Mara fixed-bottom ScotWind project, while the Havbredey floating scheme has been deprioritized, according to Northland Power.
An impairment expense of CAD 527 million was reported as a non-cash accounting adjustment for the Nordsee One offshore wind farm, due to a shift from the subsidized price regime under the German Renewable Energy Sources Act to market pricing by May 2027.
The company’s energy sales revenue increased by 18% year-on-year to CAD 253 million in the third quarter of 2025, attributed to higher output from offshore wind farms.
Original Story at www.offshorewind.biz