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UKEF supports offshore wind project in Taiwan

Product: Buyer Credit Facility

Offshore wind farm

Unlocking export potential

We provided a £200 million buyer credit guarantee to help finance the Greater Changhua 1 Offshore Wind Farm in Taiwan, unlocking the export potential of the UK’s offshore wind sector.

Renewable energy companies Seajacks and Trelleborg’s applied technologies operation in the UK capitalised on our support by winning export contracts with Ørsted, the company leading the development of the wind farm.

Seajacks, an East Anglia-based company, will ship the material needed to install the turbines and Trelleborg’s applied technologies operation in the North West will provide protection systems for the cables which connect the turbines to the mainland.

We’ve provided £500 million of financing for three offshore wind projects in Taiwan alone since late 2019, creating trading opportunities for UK renewable energy companies and supporting green jobs.

This is the second major UKEF-backed project we have supplied to in Taiwan, and we are proud that British vessels will be installing these offshore turbines that will help power Taiwan’s green energy revolution.

Sebastian Brooke | Seajacks COO
Maintenance engineer team working in wind turbine farm at sunset