Orsted secures NT$25 billion green revolving loan in Taiwan

Taiwan News
Date: 2019/06/21
By:  Central News Agency


Orsted, a Danish energy developer, has secured a NT$25 billion (US$806 million) syndicated green revolving loan facility for its offshore wind farm projects off the coast of Changhua County, central Taiwan.

Orsted, one of the companies to receive a permit from the Taiwan government earlier this year to develop offshore wind power, signed an agreement with 15 banks in Taiwan Thursday to secure the five year syndicated loan.

Under the syndicated loan agreement, Bank of Taiwan, the largest lender in the country, as well as Cathay United Bank and BNP Paribas will serve as the mandated lead arrangers for the loan facility.

Each of the lead arrangers will loan NT$3 billion to Orsted, while the other 12 banks will share the remaining loan, according to the agreement.    [FULL  STORY]

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