Multiple Export Credit Agencies are financing €3.5bn Taiwanese Hai Long off-shore wind project
The C$5bn (€3.5bn) long-term non-recourse financing will be provided by over 15 international and local lenders with support from multiple Export Credit Agencies (ECAs). We are proud to have assisted Export Finance Norway, Credendo – Export Credit Agency of Belgium, UK Export Finance and Export Development Canada with the financing.
The over 15 international and local lenders have been supported by multiple Export Credit Agencies (ECAs), including Export Development Canada (EDC), UK Export Finance (UKEF), Export Finance Norway (Eksfin), Credendo – Export Credit Agency of Belgium (Credendo), Export Finance Australia (EFA), Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI).
The Hai Long off-shore wind project will be another milestone in helping the Government of Taiwan achieve its renewable energy target of 15GW of offshore wind to be constructed between 2026 and 2035.
We have much enjoyed advising EksFin, Credendo, UKEF and EdC on the financing.
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