The 120MW second phase of the Formosa 1 pilot array off Taiwan’s north-western coast has reached a full financial close after a consortium of eleven international and local banks as well as Denmark’s export credit agency (EFK) completed a NT$18.7bn ($627m) 16-year project financing.
Formosa 1 is a joint venture between Danish utility Orsted (35% ownership), Taiwanese developer Swancor Renewable (15%) and Macquarie Capital (50%).
