Investment firm White & Case offers counsel for a $3.3 billion funding arrangement linked to an offshore wind development project in Taiwan.
In a significant stride towards expanding Taiwan's offshore wind capacity, Ørsted's Greater Changhua 2 Offshore Wind Farm has secured approximately US$3.3 billion in project financing. This financing package, amounting to TWD 90 billion (around DKK 20 billion), was arranged with 25 banks and 5 Export Credit Agencies (ECAs).
The Greater Changhua 2 Offshore Wind Farm, located 50-60 kilometres off Changhua County, is a key component of Taiwan's ambition to reduce its reliance on fossil fuels. With a total capacity of 632 megawatts, the wind farm represents one of the largest offshore wind projects in Taiwan.
White & Case, a global law firm, served as the legal advisor for this complex syndicated project finance transaction. The firm's role included advising on the structuring and execution of the financing arrangements, ensuring legal and regulatory compliance, and facilitating collaboration among multiple international lenders and ECAs.
The Greater Changhua 2 Offshore Wind Farm is a strategic priority for Ørsted, a Danish energy company, in the renewable energy sector. The project financing, which reached financial close in July 2025, is part of Ørsted's efforts to advance in the renewable energy sector.
The White & Case team for the Greater Changhua 2 Offshore Wind Farm was led by partner Brendan Quinn in Melbourne. The team included partners and associates from Melbourne, Singapore, Hong Kong, Seoul, and other locations. Notable team members include Partner Chris Settle (Melbourne), local partner Nathaniel Crowley (Hong Kong), counsel Alexis Fong (Melbourne), and associates Nettie Choo, Elloise Campbell (both Singapore), Annie Tran, Mikaylie Page, Emma Groves, Kate Moriarty (all Melbourne) and Nana Kwon (Seoul).
The financing of the Greater Changhua 2 Offshore Wind Farm marks the seventh successfully closed offshore wind project in Taiwan that White & Case has advised on. The 337MW Greater Changhua 2b project, a part of the same project, is scheduled for commissioning by the end of 2025.
This transaction underscores White & Case’s expertise in large-scale, cross-border project finance and development law, making it one of the key renewable energy project financings in the Asia-Pacific region in 2025. Ørsted is the owner of the Greater Changhua 2 Offshore Wind Farm, and the financing included five export credit agencies and 25 commercial lenders.
- The Greater Changhua 2 Offshore Wind Farm, located in Taiwan, secured approximately US$3.3 billion in project financing, with 25 banks and 5 Export Credit Agencies (ECAs).
- The financing of the Greater Changhua 2 Offshore Wind Farm marked the seventh successfully closed offshore wind project in Taiwan that White & Case, a global law firm, has advised on.
- White & Case, a firm experienced in large-scale, cross-border project finance and development law, served as the legal advisor for the Greater Changhua 2 Offshore Wind Farm, a key component of Taiwan's ambition to reduce its reliance on fossil fuels.
- The financing package, amounting to TWD 90 billion (around DKK 20 billion), represents one of the largest offshore wind projects in Taiwan, contributing to the renewable energy sector and environmental-science, while reducing the industry's carbon footprint and mitigating climate-change effects.
