The 640 MW Yunlin offshore wind farm project reached financial close on May 30th 2019. The Yunlin project will be built eight kilometers off the Taiwanese west coast and will consist of 80 turbines of the 8MW class provided by Siemens Gamesa. Project completion is scheduled in December 2021.
A financing group comprising a total of nineteen banks and three export credit agencies from Denmark (EKF), Germany (Euler Hermes) and the Netherlands (Atradius) has closed this NT$ 94 bn (EUR 2.7 bn) project financing. The bank financing group is made of four Taiwanese banks (Cathay United Bank, CTBC Bank, E-Sun Commercial Bank, Taipei Fubon Commercial Bank) and fifteen international banks (BNP Paribas, Commerzbank, Crédit Agricole Corporate and Investment Bank, DBS Bank, Deutsche Bank, ING Bank, KfW-IPEX Bank, Mizuho Bank, MUFG Bank, Natixis, OCBC, Siemens Bank, Société Générale, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation).
