German-based wind farm developer wpd AG announced that Taiwanese and German
wpd-teams are working to advance the construction and realisation of its
wind onshore and offshore projects in Taiwan.

“We can confirm the announced investments and we are not going to sell
any project rights, neither wind onshore nor wind offshore”
, says
Dr. Gernot Blanke, CEO of wpd AG.

The strategic direction of the company includes an expansion of project
pipelines and assets. The team will be expanded in order to develop, construct
and operate the wind farms.

With respect to the offshore windfarms Yunlin
(2020) and Guanyin
(2021), the company is in advanced discussions with manufacturers and suppliers
with the aim of closing at the end of 2018.

“Currently, we are putting together the banking syndicate and we’re already
in an advanced stage of discussion with many local and international banks”
comments Björn Nullmeyer, responsible for project finance of the two Taiwanese
offshore windfarms.

In addition to SMBC as financial advisor to Yunlin
and Guanyin,
wpd has involved Taiwan’s largest state-owned bank, Bank of Taiwan as co-advisor,
and E-Sun as local advisor in structuring the financing. Project costs
of Yunlin
and Guanyin
amount to €4 billion. For Yunlin,
financial close is targeted by the end of 2018.



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