Orsted has chosen BNP Paribas and Cathay United Bank as the arranging banks for its second green bond offering in Taiwan planned for the fourth quarter of this year.
CTBC Bank is the mandate lead arranger for the issue, denominated in Taiwanese dollars.
The proceeds raised from Orsted’s second green bond in Taiwan will be used for financing the 900MW Greater Changhua 1 and 2a offshore wind farm with expected completion in 2022.
The bonds will be issued by Orsted Wind Power TW Holding, the Denmark-based holding company of Orsted’s activities in Taiwan, and fully guaranteed by Orsted.
Orsted said it is “committed to support the development of a strong corporate green bond market in Taiwan” to advance the offshore wind industry, which requires significant capital to realise the “ambitious offshore wind build-out plan and achieve the energy transition goals of the Taiwanese government”.