Chang Hwa Bank Backs Taiwan's Energy Transition, Serves as Credit Guarantee Manager for CIP Fengmiao NT$103 Billion Offshore Wind Financing
Chang Hwa Bank Backs Taiwan's Energy Transition, Serves as Credit Guarantee Manager for CIP Fengmiao NT$103 Billion Offshore Wind Financing
Chang Hwa Bank has reaffirmed its commitment to Taiwan's energy transition policies by participating in a NT$103.0 billion, 20-year syndicated loan for the "Fengmiao Offshore Wind Power Project," developed by Copenhagen Infrastructure Partners (CIP). Acting as the managing bank for the National Credit Guarantee, Chang Hwa Bank will help de-risk the transaction for participating lenders and bolster the island's renewable energy development, in line with the National Development Council's sustainability roadmap and Taiwan's broader sustainable finance agenda.
Located off the coast of Taichung, the Fengmiao Offshore Wind Farm is one of the landmark developments in Phase 3-1 of Taiwan's offshore wind zonal development. With an installed capacity of 500 MW, the project is poised to supply clean electricity to hundreds of thousands of households and serve as critical infrastructure for Taiwan's 2050 net-zero target.
The syndicated financing—underwritten jointly by Chang Hwa Bank, CTBC Bank, BNP Paribas, and other domestic and international financial institutions—secured coverage under the national financing guarantee mechanism thanks to intensive coordination and support from the National Development Council and the Ministry of Economic Affairs.
As the designated manager of the credit guarantee, Chang Hwa Bank will administer the guarantee facility, significantly lowering risk exposure for the lending consortium and providing a robust financial underpinning for project execution. With a longstanding focus on sustainability, Chang Hwa Bank has prioritized green finance within its strategic development framework and actively supports government-led industrial innovation and net-zero transition policies.
Participation in this high-profile, state-guaranteed offshore wind financing not only augments Chang Hwa Bank's expertise in large-scale renewable energy project lending and expands its green credit portfolio, but also underscores its determination to support major national infrastructure initiatives. By strengthening partnerships with leading international developers and financial peers, Chang Hwa Bank further elevates its competitive position in sustainable finance. Moving forward, the bank will continue to leverage its financial capabilities to back industries aligned with Taiwan's development strategy and collaborate with stakeholders to advance the island's sustainable future.
