Wind Energy – Taiwan
The Ministry of Economic Affairs (MOEA) in Taiwan announced an expansion of its national financing guarantee mechanism for offshore wind power projects.
The guarantee coverage has been increased from 60% to 80%, aiming to facilitate financing needs estimated at US$ 34.2 billion between 2026 and 2031.
According to the Energy Administration, Ministry of Economic Affairs, domestic companies, particularly in the high-tech manufacturing sector, face growing pressure from international corporations to increase their use of renewable energy.
To accelerate green energy deployment, the National Development Council, Ministry of Finance, and MOEA have joined forces with the National Development Fund and eight state-owned banks to provide financing guarantees totalling US$ 2.85 billion.
Given the long-term nature and substantial capital requirements of offshore wind power investments, banks particularly scrutinize the repayment capability of power-purchasing companies when evaluating loans.
The increased guarantee ratio not only helps wind farm developers secure financing but, more importantly, provides security for businesses purchasing green power.
Under the new system, each company can receive up to 80% financing guarantees, which is expected to enhance the creditworthiness of businesses that lack international credit ratings.
