USD3 billion Financing secured for 632 MW Offshore Wind farm in Taiwan
Ørsted has reached financial close on a project finance package with 25 banks and 5 Export Credit Agencies (ECAs) to raise approximately TWD 90 billion (USD3.08 billion) for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan.
Located approximately 50-60 km off the coast of Changhua County, Taiwan, the wind project consists of 60 wind turbine generators (WTGs), each with a capacity of 8 to 14 MW. The offshore wind facility that is comprised of both Greater Changhua 2a, which is operational, and Greater Changhua 2b, which is currently under construction and is expected to be commissioned towards the end of 2025.
The asset-level project financing package, which was originated and structured by Ørsted, will be supported by guarantees from 5 ECAs: Export Finance Norway (Eksfin), the Export and Investment Fund of Denmark (EIFO), the Export-Import Bank of Korea (KEXIM), Export-Import Bank of the Republic of China (T-EXIM), and UK Export Finance (UKEF).
Country news
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