Ørsted secures project financing for Taiwan wind farm

14 July 202526 July 2025By admin

Ørsted has reached financial close on a project finance package with 25 banks and five Export Credit Agencies (ECAs) to raise approximately TWD90bn (about DKK20bn) for the 632MW offshore wind farm Greater Changhua 2. This is part of the financing structure for the project, on which Ørsted simultaneously is progressing as planned with an equity divestment expected to be completed once the project is operational. The transaction ensures further progress on both Ørsted’s partnership and divestment programme and its strategic priorities.

Located approximately 50-60km off the coast of Changhua County, Taiwan, Greater Changhua 2 is a 632MW offshore wind farm 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 five 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).

project, transaction, wind farm

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