Copenhagen Infrastructure Partners has signed a corporate power purchase agreement with Sino American Silicon Products and its renewable energy subsidiary Sustainable Energy Solution on its 500MW Fengmiao 1 offshore wind scheme in Taiwan.
The deal is an important milestone in moving away from selling electricity to Taipower to a business model that is based on direct sales to corporations, CIP said. It has approaching the debt market for a NT$100bn (US$3.13bn) project financing. Tenor will be 20 years. The scheme was awarded capacity in August in the second round of Taiwan’s third offshore wind auction, R3.2. BNP Paribas and CTBC are financial advisers.
