By Natasha Li / Staff reporterDanish energy company Orsted A/S yesterday signed a five-year NT$25 billion (US$801.92 million) revolving loan facility agreement with 15 state-owned and private banks for its offshore wind farm projects off Changhua County. “The interest rate is 1.7 percent,” BOT vice president Lillian Lin (林麗婈) told a news conference in Taipei. The feed-in tariffs at which Orsted would be providing wind-powered electricity are a strong guarantee that the company should have steady cash flow, Lin said. The company plans to issue New Taiwan dollar-denominated green bonds later this year, it said. Orsted plans to invest up to about NT$380 billion in its four wind farms off Changhua, with an initial investment of NT$165 billion, said Allan Andersen, head of finance distribution and customer solutions, and treasury and risk management at Orsted.

Source: Taipei Times June 20, 2019 15:56 UTC