Investing.com -- Danish renewable-energy company Orsted (CSE: ORSTED ) has secured project financing of around 90 billion New Taiwan dollars ($3.08 billion) for its Greater Changhua 2 wind farm offshore Taiwan.

The company announced Thursday it reached financial close on the project-finance package with 25 banks and five export credit agencies for the 632 megawatt project.

This agreement forms part of the project’s financing structure, which includes Orsted’s ongoing equity divestment of the wind farm.

The divestment is expected to be completed once the project becomes fully operational.

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