Ørsted brings in renowned investors, CDPQ and Cathay PE, for Greater Changhua 1 Offshore Wind Farm
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Global institutional investor CDPQ and experienced local investor Cathay PE will co-invest 50% of the 605MW Greater Changhua 1 Offshore Wind Farm.
Ørsted will retain a 50% share ownership in the Greater Changhua 1 Offshore Wind Farm, as well as deliver the full construction and long-term O&M services for the project, which is expected to be completed by 2022.
The partnership is based on a financing model for offshore wind projects that is unique in the Asia-Pacific Region.
This is CDPQ s first direct investment in Taiwan through its Infrastructure team, which has a long track-record in the renewable energy sector.
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