Ørsted has signed an agreement with a consortium of world-leading investors, which consists of global institutional investor Caisse de dépôt et placement du Québec (CDPQ) and established local investor Cathay PE, to co-invest in the 605-megawatt Greater Changhua 1 Offshore Wind Farm (Greater Changhua 1) in Taiwan.
CDPQ and Cathay PE will jointly own 50 percent of the Greater Changhua 1 and Ørsted will retain a 50 percent share. The majority of the deal amount of approximately TWD 75 billion ($2.65 billion) will be used to pay for the EPC services for Greater Changhua 1.
Matthias Bausenwein, president of Ørsted Asia Pacific, said, “It has been our commitment to share our vast offshore wind financing experience with Taiwan’s financial community since the early stages of developing the Greater Changhua projects. We are glad to successfully achieve this important milestone by bringing our reliable and experienced partner CDPQ to Taiwan for the first time. We are
