UKEF supports offshore wind deal in Taiwan and UK green jobs with £200 million finance

UK Export Finance (UKEF), the UK’s export credit agency, is providing 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.

 

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

 

The Greater Changhua 1 Offshore Wind Farm has a capacity of 605 MW, powering more than 650,000 households. This will help Taiwan to achieve its goal of generating 20% of its power from renewable sources by 2025.

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