CIP prepares to launch Taiwanese financing

03 March 2020 - 12:00 am UTC

Copenhagen Infrastructure Partners and its consortium partners are preparing to launch the financing of a 300 MW Taiwanese offshore wind project.

A Copenhagen Infrastructure Partners-led consortium is planning to launch the project financing of the 300 MW Chungnan offshore wind project in the second quarter, according to market sources. 

CIP and its partners China Steel and Diamond Generating Asia, a unit of Mitsubishi Corp. interviewed potential financial advisors late last year, but the sources say that no bank has been appointed yet.

CTBC and MUFG advised on the debt financing of CIP’s 600 MW Changfang and Xidao offshore wind projects, which reached financial close last month.

The Changfang and Xidao project financing initially progressed slowly and the final facility was reduced in size from TWD 93bn (USD 3.1bn) to TWD 80bn.

Banks had been due to submit debt indications to CTBC and MUFG by the end of August, but they were still being received in December.

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