WPD has completed the syndication of banks to finance its €2.5bn, 640MW Yunlin offshore wind farm in Taiwan.
The German developer said the financing reflects increased interest from local banks in the sector.
Chief finance officer Bjoern Nullmeyer said: “Both private and state-owned banks are participating as new lenders. Besides this, a growing number of unfunded risk participants are supporting project finance for offshore wind farms.”
Banks funding the scheme include Taipei Fubon Commercial Bank, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, Mizuho Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation.
WPD said the transaction is the largest offshore wind on in the Asia Pacific region to date. Financial close was reached in May.
The company meanwhile said is has started financing talks for its 350MW Guanyin project, also in Taiwan.
“Interested parties on the debt and equity side have been approached with a solid project structure.”