EnergyWatch

Ørsted signs major credit facility in Taiwan

The utility enters credit agreements with 15 Taiwanese banks for EUR 713 million.

Photo: /Ritzau Scanpix/Mads Claus Rasmussen/

Danish utility Ørsted has entered a green credit agreement with 15 banks in Taiwan for TWD 25 billion (EUR 713 million). The five-year credit facility is part of the financing for project Greater Changhua, the rights to which the utility won in April of last year, according to Ørsted.

At the time, the company informed that it would invest its own capital in the project but was also planning to take out credit facilities and issue bonds in Taiwan to fund the project.

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