With Orsted’s potential equity partners in its Changhua 1 offshore wind project wanting to eye loan agreements before debt signing, the project financing is nearing close. The facility is similar to its Taiwanese offshore wind precursors in many ways – but is also expected to be another small evolution in tenor and pricing.
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How pursuit of proportional amortization method (PAM) accounting may trigger a power or renewables developer’s exploration of their own options. By Brett Weal, Principal, Joel Cohn, Partner and Kayla Schultz, Partner, at CohnReznick LLP.
The project financing backing the Baltic Power project has just signed – but the rest of the first wave of Poland’s embryonic offshore wind sector is facing delays. The country originally promised as much as 28GW by 2050 but the chances of success now look mixed due to inflation and critical cost increases.