[White & Case] WHITE & CASE ADVISES ECAs AND LENDERS ON €2.7 BILLION FINANCING OF YUNLIN OFFSHORE WIND FARM IN TAIWAN
페이지 정보
작성일19-06-26 13:47관련링크
본문
WHITE
& CASE ADVISES ECAs And LENDERS ON €2.7 BILLION FINANCING OF YUNLIN OFFSHORE WIND FARM
IN TAIWAN
18 JUN 2019 … Global law firm White & Case LLP has advised the
export credit agencies (ECAs) and a large syndicate of international and
Taiwanese commercial banks on the €2.7 billion (NT$94 billion) project financing
of German developer wpd AG’s Yunlin offshore wind project in Taiwan.
“Taiwan is at the forefront of the surging offshore wind
sector in Asia-Pacific and Yunlin has set a new benchmark for offshore wind
development in the region,” said White & Case partner Brendan Quinn, Head
of Project Finance in Asia Pacific. “Our work on Yunlin has enabled our team to
bring the Firm’s global experience to the Asia-Pacific offshore wind market.”
White & Case partner Fergus Smith said: “This
transaction demonstrates the gaining strength of the offshore wind sector in
the region – a sector which is firing in Taiwan and emerging with confidence in
Korea, Japan, Australia and Vietnam. We are currently advising clients across a
pipeline of offshore wind projects in each of these jurisdictions with a
combined planned capacity of more than 4.5 GW. It’s an exciting time for the
renewables market in the region.”
White & Case partner Florian Degenhardt said: “White
& Case has a long standing relationship with wpd, and this transaction
leveraged our depth of experience in the European offshore wind sector to
support wpd on its first offshore wind project in Asia-Pacific.”
The 640 MW Yunlin
project is the largest offshore wind farm in Asia-Pacific to reach financial
close to date. Located eight kilometers
off the coast of Yunlin County in western Taiwan, it comprises 80 Siemens
Gamesa turbines of the 8 MW class and is being developed by wpd in two phases,
with the first phase scheduled to be commissioned by 2020 and the second phase
in 2021. The Yunlin project is 73 percent owned by wpd and 27 percent owned by
a Sojitz Corp-led consortium.
The finance parties
include ECAs EKF (Denmark), Euler
Hermes (Germany) and Atradius (Netherlands), coverage provider KfW IPEX-Bank
and commercial
banks consisting of Sumitomo Mitsui Banking Corporation (also financial adviser
for the project), BNP Paribas, Cathay United Bank, Commerzbank, Crédit Agricole
Corporate and Investment Bank, CTBC Bank, Deutsche Bank, DBS Bank, E-SUN
Commercial Bank, ING Bank, Mizuho Bank, MUFG Bank, Natixis, OCBC, Siemens Bank,
Société Générale, Standard Chartered Bank and Taipei Fubon Bank.
The White & Case
team in Asia-Pacific and Germany that advised on the transaction was led by
partners Brendan Quinn, Fergus Smith, Florian Degenhardt and Andrew Clark,
supported by Alexis Fong, Alena Kosmin, Beate Treibmann, Andrea Castle, Paul
Marshall, Mikio Kobayashi, Candice Ota, Donovan Ang, Hilary Cure, Callum
Fitzpatrick, Dion English, Matthias Grigoleit, Matthias Bochum, Max Sergelius,
Kirsty Ha, Yushu Xie and Naomi Midha.
Press contact
For more information, please speak to your local media contact.