Ørsted gathers squad for second green bond in Taiwan

Ørsted has appointed BNP Paribas, Cathay United Bank and CTBC Bank as Mandate Lead Arranger’s for a potential TWD denominated green bond issuance in Taiwan.

The green bond, set to be issued in Q4 2020, represents Ørsted’s second green bond offering in Taiwan.

Ørsted intends to issue the new green bonds for the purpose of financing the Greater Changhua 1 and 2a offshore wind project with expected completion in 2022.

The bonds will be issued by Ørsted Wind Power TW Holding A/S, the Danish based holding company of Ørsted’s activities in Taiwan, and fully guaranteed by Ørsted A/S.

In November last year, Ørsted issued green senior bonds in Taiwan for the purpose of raising green financing for its investments in the local offshore wind sector. The transaction marked the first-ever green TWD bond to be issued by a foreign corporation in Taiwan.

The Changhua 1 and 2a project will feature 111 Siemens Gamesa 8 MW turbines some 35 to 50km off the coast. The projects will have a total capacity of circa 900 MW.