Taiwan’s Formosa 1 Phase 2 offshore wind project achieves fin close

Renewables Now
Date: June 8, 2018
By: Ivan Shumkov

The consortium behind the 120-MW Formosa 1 Phase 2 project has secured the

Source: Ørsted A/S

needed financing for the development and construction of the offshore wind park in Taiwanese waters.

Denmark’s Ørsted A/S (CPH:ORSTED), which has a 35% stake in the scheme, said today that a group of banks and Denmark’s export credit agency EKF have concluded a TWD-18.7-billion (USD 626m/EUR 532m) project financing transaction. This is the maiden project financing in the Taiwanese offshore wind industry, Ørsted noted.

The group of local and international lenders includes Cathay United Bank, BNP Paribas, Credit Agricole Corporate and Investment Bank, MUFJ Bank and Societe Generale, among others.    [FULL  STORY]

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