news
Financial Close For 181 MW Floating PV Plant In Taiwan
2020-04-23
Financial Close For 181 MW Floating PV Plant In Taiwan
The installation will be located in the Changbin Lunwei East district. A NT$7.2 billion loan was secured from a consortium of seven banks and the solar facility is expected to be grid-connected this year.


Ground Mounted Pv


Taiwanese solar project developer Chenya Energy Co Ltd has secured NT$7.2 billion (US$239 million) for a 181 MW floating solar project at the Changhua Coastal Industrial Park, in the Changbin Lunwei East district of the island.


The money was provided by domestic lenders KGI Bank, Bank Sinopac, E.Sun Commercial Bank and First Commercial Bank alongside Singaporean business DBS Bank, Japanese institution Sumitomo Mitsui Banking and France’s Societe Generale.


“For the first time, Taiwan’s government bank [First Commercial] directly participated in Taiwan’s international-standard, large scale project financing credit case,” said Chenya, which Japanese conglomerate Marubeni Corp announced plans to acquire in February.


Project completion has been scheduled for this year at Changbin and the solar plant could become the largest floating PV installation in the world.


In December, Taiwanese solar module maker United Renewable Energy announced plans to build a 193 MW ground-mounted solar project near Tainan, on the island’s southwest coast.


However, the nation suffers from a shortage of land for large scale PV projects.


The Taiwanese government aims to install 20 GW of solar by 2025 – including 3 GW of rooftop installations. Premier Su Tseng-chang recently said the government expects around 3.7 GW of new solar capacity by next year.



※ This article does not imply endorsement of its views or confirmation of its description. Article reproduced from the network, if infringement, please contact to delete.

Register For Newsletter

Sign up for our monthly promotion and get out latest product news!

Send A Message
Send A Message
If you are interested in our products and want to know more details,please leave a message here,we will reply you as soon as we can.

Home

products

about

contact