Finance in place for Greater Changhua 2 wind project offshore Taiwan

Located offshore Taiwan, Greater Changhua 2 is a 632-MW offshore wind farm that comprises both Greater Changhua 2a (operational) and Greater Changhua 2b (under construction).
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July 11, 2025
Courtesy Ørsted
Greater Changhua 2 offshore wind farm construction
Ørsted has reached financial close on a project finance package for the 632-MW offshore wind farm Greater Changhua 2.

Ørsted has reached financial closure for the 632-MW Greater Changhua 2 wind farm development offshore Taiwan.

The company negotiated a project finance package with 25 banks and five export credit agencies to raise about TWD 90 billion ($2.4 billion).

At the same time, the company is progressing an equity divestment that it expects to complete once the project is operational. 

Greater Changhua 2 is 50 km to 60 km from the coast of Changhua County, Taiwan. It comprises Greater Changhua 2a, which is operational, and Greater Changhua 2b, currently under construction and due to be commissioned toward the end of this year.

Courtesy Orsted
piling-free technology of suction bucket jacket foundation technology
In February, Ørsted commenced the offshore construction for the Greater Changhua 2b and 4 offshore wind farms in Taiwan. The Greater Changhua 2b and 4 wind farms will use the piling-free technology of suction bucket jacket foundation technology for the first time in the Asia-Pacific region.

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