With Hai Long set to achieve a combined capacity of just over 1GW, the project is a significant contributor to the local government’s overall energy transition goals. Construction is expected to be completed by 2026, with operations anticipated to span over 25 years. The project has achieved NTD117 billion in debt provision from lenders and Export Credit Agencies (ECAs), who are supporting Hai Long through long-term project financing: one of the first large-scale offshore wind projects to do so in Taiwan.
As the appointed Lender’s Technical Advisor (LTA) and Lender’s Environmental and Social Advisor (LESA), K2 Management conducted technical due diligence, ensuring a comprehensive understanding of the construction, performance, and safety of the project - but also managed the necessary considerations of the local communities and habitats with respect to Taiwanese regulations.
“As well as being able to work on a ground-breaking project for Taiwan, we worked closely with lenders and ECAs to ensure that risks and opportunities related to the technical performance were recognised and accounted for” said Daniel Faith, Senior Consultant at K2M. “We will now continue to provide a comprehensive level of value to the project and lenders throughout its construction and operational phases.”
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