Wedoany.com Report-Aug. 14, DNV, a global assurance and risk management provider, served as Lenders’ Technical Advisor for the financing of Orsted’s 632 MW Greater Changhua 2 offshore wind farm in Taiwan, which achieved financial close in July 2025. Located 50–60 km off Changhua County’s coast, the project comprises the operational Greater Changhua 2a and the under-construction Greater Changhua 2b, contributing to Taiwan’s renewable energy goals.

The financing was supported by 25 banks and five export credit agencies, reflecting strong confidence in the project’s viability. DNV’s role included conducting an independent energy yield assessment and comprehensive technical due diligence on the wind farm and its transmission infrastructure, ensuring robust evaluation for stakeholders.

Brice Le Gallo, vice president and regional director for APAC, energy systems at DNV, stated: “DNV’s appointment as Lenders’ Technical Advisor reflects our deep offshore wind expertise, deep knowledge of Taiwan environment, and longstanding relationship with Orsted. The financial close represents a major milestone in Taiwan’s energy transition and ensures further progress on Orsted’s strategic divestment and partnership programme. It demonstrates strong lender confidence and sets a benchmark for future offshore wind projects in Asia, particularly those involving advanced turbine technology and complex geotechnical conditions.”

Ming Hui Zhang, APAC offshore wind segment lead for energy systems at DNV, added: “DNV’s independent technical assurance has contributed to a confident and timely financial close for this complex, large-scale offshore wind project, which is situated in a seismic and typhoon-prone region.” The rigorous assessments addressed challenges posed by the region’s environmental conditions, reinforcing the project’s technical reliability.

The Greater Changhua 2 wind farm is expected to generate clean energy sufficient to power hundreds of thousands of households while fostering local job creation and supply chain development. The project aligns with Taiwan’s ambitions to reach 5.7 GW of offshore wind capacity by 2025 and 15 GW by 2035, supporting the region’s transition to sustainable energy.

DNV projects that offshore wind will grow at an annual rate of 12% through 2050, playing a critical role in the global energy mix. The successful financing of Greater Changhua 2 sets a precedent for future offshore wind developments in Asia, showcasing the potential for advanced technology to address complex environmental challenges while advancing clean energy initiatives.