Lee and Li advised Ørsted on securing $3 billion financing package for Greater Changhua 2 Offshore Wind Farm.

Ørsted reached financial close on a project finance deal with 25 local and foreign banks and 5 Export Credit Agencies (ECAs) to raise approximately TWD 90 billion (about $3 billion) for the Greater Changhua 2 offshore wind farm on July 10. This sets a new record high of financing amount Ørsted has raised in Taiwan to date.

This deal also marks Ørsted’s first use of project-level financing for an offshore wind farm in Taiwan. This new structure has improved both capital efficiency and risk management, and all agreements were signed within compact timeline, representing a significant achievement for Ørsted’s projects in Taiwan.

Lee and Li is honored to once again represent Ørsted in this significant project. With our extensive experience in energy project finance, we provided timely and professional legal support to managemeet the deal’s complex structure and tight schedule and the client's expectation, fully meeting our client’s needs.

💼 To access our professional services, please visit: https://www.leeandli.com/EN/000000004.htm

🔗Press Releases of Ørsted | Ørsted secures project financing for Greater Changhua 2 

🔎Relative News:
The Wall Street Journal | Orsted Secures $3 Billion Financing for Taiwan Wind Farm 
offshoreWIND biz | Ørsted Finalises EUR 2.6 Billion Financing for Taiwan’s Greater Changhua 2 Offshore Wind Project 
Windpower Monthly | Ørsted secures $3 billion funding for Taiwanese offshore wind cluster