Orsted is laying the ground work for the potential issuance of a green bond in Taiwan later this year to help finance its the Greater Changhua offshore wind projects.
The Danish company has selected BNP Paribas, Bank of Taiwan, CTBC Bank and Deutsche Bank as arrangers for the bond, which would be denominated in the local currency.
Orsted said it would leverage on its experience as a green bond issuer, and “hopes to participate in building a strong corporate green bond market in Taiwan for the benefit of the Taiwanese offshore wind industry where significant funding is needed to realise the ambitious offshore wind build-out plan”.
A final investment decision for the 900MW Greater Changhua 1&2a projects was made in April.
Orsted signed a five-year NTD25bn (€725m) syndicated green revolving credit facility with 15 local and foreign banks in Taiwan two months later.