181MW Floating PV Plant in Taiwan, China Obtained Financing

181MW Floating PV Plant in Taiwan, China Obtained Financing

It was reported that 181MW floating PV plant in Taiwan, China obtained financing.

According to the lastest news, Chenya Energy Co Ltd, the developer of Taiwan's solar energy project, has received TWD 7.2 billion (US 239 million) for a 181 megawatt floating solar energy project at the Changhua Coastal Industrial Park in the island's Eastern District of Changbinlunwei. That means that a large amount of the floating solar pv mountings will be needed.

The money was provided by the Taiwanese lenders: KGI Bank, SinoPac Bank, E.Sun Commercial Bank and First Commercial Bank, as well as DBS Bank of Singapore, Sumitomo Mitsui Banking of Japan and Societe Generale of France.

"For the first time, the Taiwan government bank has been directly involved in a large-scale project financing loan case of international standards in Taiwan," Chenya said.

In February, Marubeni Corp, a large Japanese company, announced plans to buy Chenya.
In December, Taiwan's solar module manufacturer, United Renewable Energy, announced plans to build a 193 megawatt terrestrial solar project near Tainan, on the southwest coast of the island.

The goal of the Taiwan government is to install 20GW of solar energy by 2025, including GW roof installation. It is expected that the new solar energy production capacity will reach 3.7GW by next year. Due to the shortage of land for large-scale photovoltaic power stations in Taiwan, the development of floating photovoltaic power stations has become an important application form.
Floating PV Plant