White & Case has advised the sponsors in the transaction.
China Steel Corporation and Copenhagen Infrastructure Partners (through its Copenhagen Infrastructure IV fund) announced the development and NTD 45 billion (US$ 1.6 billion) project financing of the 298MW Zhong Neng offshore wind project located off the coast of Changhua County, Taiwan.
The financing of the Zhong Neng offshore wind project is expected to reach financial close shortly. It is supported by a consortium of 20 financial institutions including the Bank of Taiwan, Mega International Commercial Bank, CTBC Bank, Taiwan Cooperative Bank, First Commercial Bank, Land Bank of Taiwan, Hua Nan Commercial Bank, Chang Hwa Commercial Bank, Taishin International Bank, Taipei Fubon Commercial Bank, E.SUN Commercial Bank, KGI Bank, The Export-Import Bank of the Republic of China, Taiwan Business Bank, Bank of Kaohsiung, The Shanghai Commercial & Savings Bank, Credit Agricole Corporate and Investment Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank and MUFG Bank.
The White & Case team in Asia-Pacific that advised on the transaction was led by partners Fergus Smith (Picture), Brendan Quinn, Andrew Clark and Candice Ota, local partner Charles McConnell, with support from lawyers Nettie Choo, Donovan Ang, Callum Fitzpatrick, Audrey Lim, Sean Curran, Yushu Xie, Winifred Lu, Shafinas Djuanda, Wei Bin Quek, Chenez Dyer Bray, Henry Carlson, Dion English and Gabby Wong.
Involved fees earner: Donovan Ang – White & Case; Henry Carlson – White & Case; Nettie Choo – White & Case; Andrew Clark – White & Case; Chenez Dyer Bray – White & Case; Dion English – White & Case; Callum Fitzpatrick – White & Case; Audrey Lim – White & Case; Charles McConnell – White & Case; Candice Ota – White & Case; Brendan Quinn – White & Case; Fergus Smith – White & Case; Gabriela Wong – White & Case; Yushu Xie – White & Case;
Law Firms: White & Case;