Ørsted secures $3.3B Financing for Taiwan Wind Farm
Deal News | Jul 11, 2025 | White & Case LLP
Global law firm White & Case LLP has successfully advised the financiers on a significant project financing deal for Ørsted’s Greater Changhua 2 Offshore Wind Farm, valued at approximately US$3.3 billion. The project, located off the coast of Changhua County, Taiwan, includes the 295MW Greater Changhua 2a and the 337MW Greater Changhua 2b projects. The financing reached financial closure on July 10, 2025, involving five export credit agencies, including NCGA, EIFO, Eksfin, KEXIM, and UKEF, and 25 commercial lenders globally and locally. This transaction is a milestone in Taiwan's growing offshore wind industry and marks the seventh successful offshore wind project in Taiwan advised by White & Case. The firm aims to continue its role in advancing the offshore wind sector across the Asia-Pacific region.
Sectors
- Renewable Energy
- Legal Services
- Financial Services
Geography
- Taiwan – The location of the Greater Changhua 2 Offshore Wind Farm project in Taiwan is central to the article.
- Asia-Pacific – The article highlights the role of White & Case in the Asia-Pacific offshore wind sector.
Industry
- Renewable Energy – The article focuses on the financing of a large-scale offshore wind farm project in Taiwan, a part of the renewable energy sector.
- Legal Services – White & Case LLP's advisory role in the financial transaction highlights the involvement of legal services in complex project financing.
- Financial Services – The participation of export credit agencies and commercial lenders in the transaction situates the article in the financial services sector.
Financials
- US$3.3 billion – The total project financing amount for the Greater Changhua 2 Offshore Wind Farm.
- 632MW – The total capacity of Ørsted's Greater Changhua 2 Offshore Wind Farm.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ørsted | Target Company | Company | A leading renewable energy company and developer of the Greater Changhua 2 Offshore Wind Farm. |
| White & Case LLP | Legal Advisor | Company | The law firm advising financiers in the $3.3 billion project financing deal. |
| National Credit Guarantee Administration (NCGA) | Finance Party | Company | An export credit agency involved in the project financing. |
| Export & Investment Fund of Denmark (EIFO) | Finance Party | Company | An export credit agency involved in the project financing. |
| Export Finance Norway (Eksfin) | Finance Party | Company | An export credit agency involved in the project financing. |
| Export-Import Bank of Korea (KEXIM) | Finance Party | Company | An export credit agency involved in the project financing. |
| UK Export Finance (UKEF) | Finance Party | Company | An export credit agency involved in the project financing. |