Senwei Energy’s (6806) subsidiary, Baoway Maritime Engineering, announced today the signing of Taiwan’s first international syndicated loan for a large-scale wind turbine installation vessel, the Developer. The loan, totaling $150 million, was secured in collaboration with KGI Bank, Shin Kong Bank, and Land Bank of Taiwan. The signing ceremony was attended by Cheng Uei Precision Chairman Terry Kuo, Senwei Energy CEO and Baoway Maritime Chairman Hu Hui-Sen, KGI Bank President Hsu Wei-Ming, Shin Kong Bank President Lee Cheng-Kuo, and Land Bank Corporate Banking Manager Pan Min-Tso.
The vessel will be instrumental in completing the second phase of Taipower’s offshore wind farm construction and accelerating offshore wind power development across the Asia-Pacific region. This syndicated loan underscores Senwei Group’s comprehensive commitment to the offshore wind energy sector.
During his speech, Baoway Chairman Hu Hui-Sen emphasized the global push for offshore wind energy. In 2024, Taiwan ranked first in the world (excluding China) in new offshore wind power capacity additions. With the rising demand for AI-driven energy and carbon reduction trends, the offshore wind industry is poised for a "golden decade." He highlighted the tightening availability of maritime engineering resources and specialized vessels in the Asia-Pacific region, noting that Baoway’s expertise and unique positioning have attracted increasing rental inquiries from domestic and international companies, signaling strong future growth prospects.
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