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Ørsted has appointed the Bank of Taiwan, Cathay United Bank and BNP Paribas as lead arrangers for financing the Greater Changhua offshore wind projects in Taiwan.
Ørsted will pause and revisit its project activities, the project timelines, and local commitments in Taiwan after not receiving an establishment permit in time to sign a 2018 power purchase agreement (PPA) with Taipower for the Changhua 1 and 2a projects.
Ørsted has signed a contract with CSBC Corporation for the manufacture of ”a significant number” of wind turbine foundation pin-piles for the first 900MW Greater Changhua projects in Taiwan.
Ørsted and the Taiwanese Century Wind Power (CWP) have cut the first steel for the jacket foundation transition piece mock-up.
Ørsted has signed a contract with Taiwan-based Formosa Heavy Industries for the manufacture of jacket foundation pin piles for the two Changhua offshore wind farms with a combined capacity of 900MW.
Ørsted has awarded an engineering, procurement, and construction (EPC) contract to Taiwan Cogeneration Corporation (TCC) to build two onshore substations, cable corridors, landfalls and transition joint bays for the first 900MW Greater Changhua projects.
Ørsted plans to finance the Greater Changhua offshore wind projects by capital contributions from the Ørsted Group combined with debt capital sourced from local Taiwanese financial institutions.
Offshore wind developer Ørsted has signed Memorandums of Understanding (MoUs) respectively with Show Chwan Memorial Hospital and Changhua Christian Hospital in Taiwan to collaborate and build up a medical network for offshore wind farms.