Landmark Taiwan offshore wind deal receives UK backing, unlocking £55 million in contracts for British exporters

Landmark Taiwan offshore wind deal receives UK backing unlocking £55 million in contracts for British exporters

UK Export Finance has guaranteed £184 million in financing for one of Taiwan's largest offshore wind projects. The deal secures £55 million in manufacturing and service contracts for British suppliers, supporting local jobs and economic growth.

UKEF joins backers of US$3.1bn Taiwan wind deal

UK Export Finance (UKEF) has become the latest export credit agency to support the 495-megawatt Fengmaio 1 wind farm off the coast of Taiwan, providing a credit guarantee for the project. The wind farm, being developed by Danish company Copenhagen Investment Partners (CIP), has secured a total of NT$103bn (US$3.1bn) from a consortium of 27 Taiwanese and international banks. The financing is backed by export credit agencies Atradius DSB, Credendo…

Landmark Taiwan offshore wind deal receives UK backing, unlocking £55 million in contracts for British exporters

The deal secures £55 million in manufacturing and service contracts for British suppliers, supporting local jobs and economic growth. Export breakthrough enabled by collaboration with other export credit agencies and with Copenhagen Infrastructure Partners – one of the world’s largest fund managers for renewable energy investments. UK Export Finance (UKEF) is providing a £184 million credit guarantee to support the construction of the 495 MW Fe…