Ørsted Secures Financing for Greater Changhua 2 Wind Project

Ørsted A/S has finalized a project finance package with 25 banks and 5 Export Credit Agencies to raise approximately TWD 90 billion (around DKK 20 billion) for the Greater Changhua 2 offshore wind farm. This 632 MW project is located 50-60 km off Changhua County's coast, Taiwan. It comprises the operational Greater Changhua 2a and the under-construction Greater Changhua 2b, with completion expected by late 2025.

With strong support from both international and local banks, as well as export credit agencies, Ørsted's financing package includes guarantees from ECAs in Norway, Denmark, Korea, Taiwan, and the UK. Group CFO Trond Westlie highlighted the project's premium asset appeal and underlined Ørsted's commitment to its strategic priorities, including partnerships and divestments.