Wpd Taiwan Energy Co Ltd (達德能源), the local subsidiary of Germany-based Wpd Group, on Wednesday said it is to receive about NT$82.5 billion (US$2.83 billion) in project financing from 12 domestic banks to develop offshore wind farms.
The company has received substantial support from local lenders, including two state-run banks, Wpd Taiwan chairwoman Yuni Wang (王雲怡) said at a workshop in Taipei.
The financing project marks Wpd Taiwan as the first operator of offshore wind farms to secure funding from state-owned financial services providers, the company said.
State-run banks are generally more conservative about investing in businesses that develop offshore wind power, especially after the high-profile loan fraud involving Ching Fu Shipbuilding Co (慶富造船), Wang said.
Wpd Taiwan could secure the support of state-owned lenders because the company has been working on energy projects in Taiwan for more than 10 years, she said.
The NT$82.5 billion fund, which makes up about 81 percent of the wind power financing project, has the highest participation of Taiwanese banks compared with projects advanced by other wind farm operators in Taiwan, she said.
Local participants include Cathay United Bank (國泰世華銀行), CTBC Bank (中信銀行) and E.Sun Commercial Bank (玉山銀行).
A total of 39 investors have expressed interest in joining the financing project, including 12 foreign banks and 15 foreign financial institutions, Wpd Taiwan said.
The firm, which aims to develop an offshore wind farm in Taoyuan and one in Yunlin, is to join a selection process for offshore wind farm projects held by the Ministry of Economic Affairs next month.
The Executive Yuan has set a target of 0.52 gigawatts of installed capacity at offshore wind farms by 2020.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review. In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World Index by 0.02 percentage points to 2.25 percent, while maintaining the weighting in the MSCI Emerging Markets Index, the most closely watched by foreign institutional investors, at 20.46 percent. Additionally, the index provider has left Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index unchanged at 23.15 percent. The latest index adjustments are to
RSS