White & Case has advised the main sponsor of the $3 billion project financing of the Changfang and Xidao offshore wind projects in Taiwan, with Watson Farley & Williams and Linklaters counselling the lenders.

This is said to be the largest debt package for Taiwan’s offshore wind market. The Changfang and Xidao projects are majority-owned by Copenhagen Infrastructure Partners (CIP) while a minority stake is owned by Taiwan’s life insurance companies.

According to Reuters, the projects will have a total joint installed capacity of approximately 600 MW on completion, comprising a total of 62 turbines.

The White & Case team advising CIP was led by partners Brendan Quinn, Fergus Smith, and Andrew Clark.

Watson Farley & Williams, led by partners Evan Stergoulis, Daisy East, Jon Thursby, and Rob McBride, acted for a syndicate of international and Taiwanese banks, life insurance companies and cover providers.

Meanwhile, Nippon Export and Investment Insurance (NEXI) and Korea Trade Insurance Corporation (K-Sure) turned to Linklaters partners John Maxwell, James McLaren, and Joo Hee Lee for advice.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com. 

Related Articles

Appointments

White & Case adds Linklaters funds pro in Tokyo

by Nimitt Dixit |

Global law firm White & Case has bolstered its investment funds offering in Tokyo with the addition of partner Eriko Sakata from Linklaters.

Appointments

SG: Links adds India-focused PE funds expert from White & Case

by Sarah Wong |

Magic Circle law firm Linklaters has bolstered its India-facing corporate offering by hiring private equity funds specialist Sayak Maity as a partner in Singapore from White & Case.

Deals

White & Case guides TotalEnergies on $903 mln purchase of stake in Malaysia’s SapuraOMV

by Mari Iwata |

White & Case has advised French energy group TotalEnergies on its $903 million acquisition of a 50 percent stake in Malaysia-headquartered SapuraOMV from Austrian oil and gas company OMV.