Banks announce loans for Chenya’s solar power plansBy Kao Shih-ching / Staff reporterNine banks yesterday announced two syndicated loans totaling NT$10 billion (US$341.18 million) for Chenya Energy Co Ltd (辰亞能源) to fund its two photovoltaic power stations, which have a combined capacity of 256 megawatts (MW). Bank SinoPac, DBS Taiwan, KGI Bank and CTBC Bank (中信銀行) approved a second syndicated loan for the firm’s ground-mounted 75MW station in Tainan. Some companies interested in buying solar power have approached Chenya, but prices still need to be negotiated, he said. Bank SinoPac, the lead bank for both loans, offered NT$1 billion and NT$1.5 billion for Chenya’s two solar farms, its president Eric Chuang (莊銘福) said. Bank SinoPac’s cumulative loans to solar power development have increased to NT$35 billion, the highest among all banks, he said.

Source: Taipei Times September 17, 2020 15:56 UTC