German developer WPD is pushing forward with its offshore plans in Taiwan, where it aims to commission over 1GW of capacity through two wind farms in 2020.

The company has already started the procurement process for the 360MW Guanyin and 700MW Yunlin wind farms last year, and now, the financing process has kicked off with the appointment of Sumitomo Mitsui Banking Corporation (SMBC) as their financial advisor.