Ørsted selects Taiwanese and international banks for financing Greater Changhua projects
Matthias Bausenwein, President for Ørsted Asia Pacific, said that “Ørsted will fund the Greater Changhua projects by capital contributions from the Ørsted Group combined with debt capital sourced from local Taiwanese financial institutions - backed by a Ørsted A/S parent company guarantee. We intent to finance up to 50% of our CAPEX needs in local currency from the Taiwanese bank and bond market. This will give local banks and lifers a great opportunity to participate in the offshore wind sector with very low risk exposure.”
Matthias Bausenwein added, “Ørsted has a strong desire to use the new regulation to issue New Taiwan Dollar green bonds. We see the local bond market as our long term primary source of funding in Taiwan and thus will look to issue bonds regularly over the coming years. We expect the first bond to be issued during 2019, with the exact timeline depending on our Final Investment Decision for the Greater Changhua 1&2a projects.