Ørsted preps for green bond sale in Taiwan, picks arrangers

Offshore wind park. Image by: Ørsted A/S.

September 11 (Renewables Now) - Danish energy company Ørsted A/S (CPH:ORSTED) today said it has picked the arrangers for a planned green bond sale that will finance its 900-MW Greater Changhua offshore wind project cluster in Taiwan.

The proposed offering of the TWD-denominated green bonds in Taiwan will be launched towards the end of this year, with BNP Paribas, Bank of Taiwan, CTBC Bank and Deutsche Bank arranging the transaction. BNP Paribas and Bank of Taiwan have been mandated as lead arrangers, Ørsted said.

The Greater Changhua 1 and 2a projects will be built off Taiwan’s Changhua County in 2021 and 2022, respectively. The Danish offshore wind major took a final investment decision (FID) on the schemes in April and this summer signed a TWD-25-billion (USD 802.4m/EUR 727.6m) revolving credit facility with a group of 15 lenders to support the two projects.

As previously announced, Ørsted intends to pour some DKK 200 billion (USD 29.6bn/EUR 26.8bn) gross in green energy projects by 2025 and expects to have 15 GW of installed offshore wind capacity by the same year.

(TWD 1.0 = USD 0.321/EUR 0.291)

(DKK 1.0 = USD 0.148/EUR 0.134)

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