The announcement of the financial package coincides with a groundbreaking ceremony for project Budai in Chiayi County, Taiwan. According to Lightsource BP, the 115 MWP project will be completed in 2026 in 2026.
Lightsource BP has secured TWD 6 billion ($ 200 million) financing for a 115 MWP Fishery Solar project in Chiayi County, Taiwan. The construction of the project starts Budai in June 2025, according to the project developer. Once operational, the project is expected to be one of the largest fishing solar farms in Taiwan, able to produce 180 GWh of renewable energy per year.
Financing for Project Budai was protected in a group of Taiwanese and international investors. GreenRock Energy has been awarded for development, partial subcontract construction work and fishing management contracts for the project, while Shihlin Electric & Engineering Corporation (SEEC) will carry out engineering, purchasing and construction work, which is expected to be completed in 2026.
Project Budai is Lightsource BP’s first solar fishing company and its first solar initiative in Taiwan. The project announcement of the project coincided with a groundbreaking ceremony on the site.
In a press release, Bin Fu, head of Taiwan at Lightsource BP, said that the project of the project emphasizes the dedication of the developer for Taiwan and his communities. Lightsource BP is expected to carry out social and environmental investments in local communities in combination with the development of the project. The company also said that 750 jobs will be created during the construction phase of Project Budai, with priority given to hiring local work.
Projects for two use seem to be an important pillar of the Solar Implementation of Taiwan strategy, due to limited land availability for large -scale projects mounted on the ground. Taiwan has set a capacity objective from 40 GW to 60 GW Zonne -Zon by 2050, more than double the 14 GW of existing capacity that was recently reported by the Ministry of Economic Affairs.
Project financing for Project Budai was secured at Bank Sinopac Company Limited, Crédit Agricole Corporate and Investment Bank, Taipei Branch, CTBC Bank Co., LTD, DBS Bank (Taiwan) LTD, KGI Bank Co., Ltd. and MUFG Bank, Ltd., Taipei branch.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
