Ørsted selects banks for Taiwanese green bond

In: Windfarms
10/09/2020
Ørsted has appointed BNP Paribas, Cathay United Bank and CTBC Bank as Mandate Lead Arrangers for a potential TWD denominated green bond issuance in Taiwan in Q4 2020.

The bonds will be issued by Ørsted Wind Power TW Holding A/S, the Danish based holding company of Ørsted’s activities in Taiwan, and fully guaranteed by Ørsted A/S.

Following the inaugural two-tranche TWD 12 billion bond issuance in November last year, Ørsted intends to issue new green bonds in Taiwan for the purpose of financing the Greater
Changhua 1 and 2a offshore wind farms with expected completion in 2022. The wind farms will have a total installed capacity of 900 MW, enough to power approximately 1 million Taiwanese households with green power.

Ørsted's Greater
Changhua 1 and 2a are located between 35 and 60 kilometres off the west coast of Changhua County, Taiwan. They will consist of 111 Siemens Gamesa SG 8.0-67 DD offshore wind turbines, each with a capacity of 8 MW. Expected to be operational in 2022, the wind farms will have a combined capacity of of approximately 900M W, enough to supply around 1 million Taiwanese households with green power.

Ørsted is developing four offshore wind sites within the Greater Changhua site, off Taiwan. With a potential 2.4 GW capacity, the sites are expected to be capable of powering 2.8 million homes in Taiwan. It is also the co-owner of Taiwan’s first commercial-scale offshore wind project,
Formosa 1, which will be extended from its current 8 MW capacity to 128 MW in 2019.

For more information on the Taiwanese offshore wind market,
click here.

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