Wdp refinances 2 Taiwanese onshore wind farms

The two power plants have a total capacity of 180 MW.

Germany-based wind and solar developer and operator wpd completed the refinancing of the Luwei and Chungwei onshore wind farms in Taiwan, along with the co-shareholder of the project firm, which will improve their capital structure and working capital.

In a statement, wdp said the refinancing of Luwei Wind Power and Chungwei Wind Power was led by two local banks and two local branches of international banks.

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“The Taiwanese renewable energy market is a key market for us in the Asian region,” said Ralf Ketteler, Head of International Project Finance at wpd. 

“We will continue to deepen our relationships with the lenders for renewable energy projects in Taiwan and contribute to the green transition in Taiwan,” Ketteler added.

The power plants have a total of 78 wind turbines with a total capacity of around 180 megawatts.