Lenders’ Technical Advisor selected for 632 MW Offshore Wind Farm in Taiwan

DNV has successfully acted as Lenders’ Technical Advisor (LTA) for the project financing of Ørsted’s 632 MW Greater Changhua 2 offshore wind farm in Taiwan, which achieved financial close in July 2025. 

Located 50-60 km off the coast of Changhua County, this significant project encompasses the operational Greater Changhua 2a and the under-construction Greater Changhua 2b, with backing from 25 banks and five export credit agencies. DNV's involvement follows its earlier LTA role on the adjacent 583 MW Changhua 4 project, reinforcing its position as a trusted advisor in Taiwan’s offshore wind sector.

As part of its advisory role, DNV delivered an independent energy yield assessment and comprehensive technical due diligence of the wind farm and associated transmission assets. 

The Greater Changhua 2 project will produce clean energy equivalent to the power usage of hundreds of thousands of homes, and support local job creation and supply chain development in Taiwan. It supports the country’s ambition to install 5.7 GW of offshore wind by 2025 and 15 GW by 2035, while enhancing energy security and sustainability.