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off Changhua County Coast
Landmark offshore wind project
K2 Management acted as Lender’s Technical Adviser and Lender’s Environmental and Social Adviser on landmark offshore wind project in Taiwan Strait.
We recently played a pivotal role in the financial close of the Hai Long offshore wind farm in Taiwan. This massive project, backed by Mitsui & Co., Ltd. and Northland Power Inc., is set to generate over 1GW of renewable energy, positioning it as a major player in Taiwan's green energy movement.
Located 45-70 km off Changhua County’s coast, the Hai Long project is due for completion in 2026, with a projected operational span of 25+ years. Securing a significant NTD117 billion in debt financing from lenders and Export Credit Agencies (ECAs), this is one of Taiwan's pioneering large-scale offshore wind ventures.
Our role as the Lender’s Technical Adviser (LTA) and Lender’s Environmental and Social Adviser (LESA) was all about ensuring every detail was meticulously evaluated. From technical due diligence to ensuring the project's safety and environmental compliance.
Daniel Faith, Senior Consultant at K2M, said: "We’re pleased to have been selected as both the LTA and LESA for Hai Long. 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. We will now continue to provide a comprehensive level of value to the project and lenders throughout its construction and operational phases.”
Scott Hsu, Country Director – Taiwan & Philippines at K2M, added: "The Hai Long offshore wind farm represents a significant step in Taiwan's offshore wind journey, and we’re honoured to be part of it. Our team is dedicated to ensuring Hai Long’s significant achievement, and after our official subsidiary opening in Taiwan this year, we’re closer than ever to our clients and the communities the projects we’re working on will ultimately serve. We are looking to expand our LTA and LESA services into new APAC markets, including Korea and Japan, but also other projects in Taiwan itself — and as we venture into those opportunities, we hope that our work on Hai Long is a testament to the quality of our advisory services.”
“K2M’s technical insights have been an important asset to us throughout the development phase, and will continue to inform the project trajectory as it progresses through construction and operation. As well as solidifying investor confidence in the Project’s ability to succeed and ultimately having led to this financial close, K2M’s work has benefited the Taiwanese Offshore Wind Industry through supporting such a landmark project.”