2021-11-30
http://w3.windfair.us/wind-energy/news/28505-taiwan-offshore-formosa-orsted-financial-close-orsted

One Step Closer: Financial Close for Taiwan’s Formosa 1 OFW

Image: ØrstedImage: Ørsted
It is the first project financing in the Taiwanese offshore wind industry.

Official Press Release Ørsted:

Financial close achieved for Taiwan’s Formosa 1 offshore wind farm

Wind Industry Profile of
Financial close achieved for Taiwan’s Formosa 1 offshore wind farm

Formosa 1, Taiwan’s first offshore wind farm, reached financial close on the 8th of June 2018. A financial consortium of eleven international and local Taiwanese banks as well as EKF, Denmark’s Export Credit Agency has completed this NT$18.7bn 16-year project financing. It is the first project financing in the Taiwanese offshore wind industry.

Formosa 1 is a joint venture between Ørsted (35% ownership), Taiwanese developer Swancor Renewable (15%), and Macquarie Capital (50%). The first phase of the project has been operational since April 2017 and consists of two 4MW offshore wind turbines.  For this project, long-term project financing will be utilized to fund the development, construction, commissioning, testing and operation of phase II and refinance... ... More: Official Press Release Ørsted

Keywords:
Taiwan, offshore, Formosa, Orsted, financial close, Ørsted







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