TAIYA RENEWABLE ENERGY - Key Persons
Richard Liu, the general manager of TRE conveyed, "Currently, among the visible offshore wind developers, except for a few, perhaps one or two companies, that can rely on their parent companies to provide guarantees for bank loans, the rest primarily resort to project financing. In fact, project financing is a common practice in the development of wind farms abroad. As for the funding required for an offshore wind farm, developers typically contribute around 30%, and the remaining 70% of the funds need to be raised through project financing."