Germany’s KfW Group Helps Fund 53-Megawatt Wind Farm in Taiwan

KfW Group, Germany’s state-owned development bank, provided financing for a 52.9-megawatt wind farm in Taiwan to be supplied by German turbine manufacturer Enercon GmbH.

KfW’s IPEX export bank provided 66.8 million euros ($86 million) in loans to the Tongyuan wind farm on the country’s west coast, the bank said today in an e-mailed statement. Total investment for the project, which is being developed by InfraVest GmbH and WPD AG and is to start operating in 2015, is 81.5 million euros, KfW Ipex said.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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