MERCURY TAIWAN HOLDINGS LIMITED

Changhua 1 and 2a Offshore Wind Farm - EKF/UKEF/Atradius Covered Loan

Industry
Power/Offshore wind
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Taiwan

Deal Overview

The Taiwanese government stepped 900MW closer to its offshore wind target of 5.5GW by 2025, after Canadian institutional investor Caisse de depot et placement du Quebec and a subsidiary of Taipei-based Cathay Securities Investment Trust completed their combined acquisition of a 50% equity stake in...

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The Taiwanese government stepped 900MW closer to its offshore wind target of 5.5GW by 2025, after Canadian institutional investor Caisse de depot et placement du Quebec and a subsidiary of Taipei-based Cathay Securities Investment Trust completed their combined acquisition of a 50% equity stake in part of Orsted’s 900MW Greater Changhua 1 & 2a offshore wind farm complex in Taiwan (Orsted retained 100% of the 295MW Greater Changhua 2a)

Orsted is constructing Greater Changhua 1 under a full-scope EPC contract and providing long-term O&M services from its O&M base at the Port of Taichung. The new equity partners are funding 50% of the payments under the EPC contract which includes both generation and transmission. 

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Deal Volume
$ 2.76bn
Financial Close
29 October 2021

All Dealmakers

Hugo Dubost

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JAGLIN Paul

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Damien Heymans

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Patrick R. Jakobsen

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Projects

Changhua 1 and 2a Offshore Wind Farm

Greenfield
Offshore wind
Asia Pacific
Taiwan
$ 2.76bn