Financial close reached for 495 MW Offshore wind farm in Taiwan

The 495 MW Fengmiao I offshore wind project in Taiwan has successfully reached financial close through Copenhagen Infrastructure Partners (CIP) fund Copenhagen Infrastructure V (CI V).

Copenhagen Offshore Partners (COP), a global leader in offshore wind development and construction, is leading the development of the offshore wind project, while Vestas will also supply 33 units of its latest 15 MW turbine to Fengmiao I.

has secured an approximately NTD$ 103 billion (USD 3.1bn) project financing from 27 international and Taiwanese banks. A portion of the project finance debt will be guaranteed by four export credit agencies (ECAs) and Taiwan’s National Credit Guarantee Administration. Fengmiao I is scheduled to complete construction by the end of 2027 and a group of six large local and international corporate offtakers have entered into long-term corporate power purchase agreements with Fengmiao I for its entire capacity.