WFW is delighted to announce that its advice to DBS Bank (Taiwan) Ltd in various capacities, and DBS Bank Ltd, Taipei Branch, as lender, on a NT$2.44 billion term loan and performance bond facilities transaction in September 2019 has won Renewable Energy Deal of the Year – Solar in The Asset’s Triple A Infrastructure Awards 2020.
The project, which was won by Vena Energy following a competitive tender in 2017, is understood to be Taiwan’s largest private ground mount utility scale solar project to date. The facility, which was structured on a project finance basis, was provided to Vena Energy Taiwan Solar Energy Limited, a subsidiary of Vena Energy. This was also the first project resulting from a successful joint effort among government regulators, environmental NGOs and private developers, making it the first model project in Taiwan for sustainable solar development.
The WFW Singapore Assets & Structured Finance team that advised on this matter included Partner Mehraab Nazir, Associates Sheila Ng and Goh Ee Ling.
Read more about the deal in our press release here.
Based in Hong Kong, The Asset is a well-known business news and research organisation, delivering authoritative, unbiased and independent coverage on Asia’s financial industry. You can see all of the winners in its Triple A Infrastructure Awards here.