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Supporting decarbonization in Asia-Pacific

Following COP27 in Egypt last year, governments and organizations have redoubled their efforts to reduce carbon emissions and reaffirmed their commitment to limiting global temperature rise to 1.5 degrees above pre-industrial levels. A critical part of achieving this goal is tackling the emissions generated by energy production in regions such as Asia-Pacific which have emerging economies that have traditionally relied on fossil fuels to support their development.” ....

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Vestas together with Deutsche Bank, Sinosure and Global Power Generation replicate the fourth payment deferral facility during 2021 to finance the 58MW Crookwel

MELBOURNE, Australia, Dec. 23, 2021 /PRNewswire/ — In partnership with Global Power Generation (GPG), Deutsche Bank AG and Sinosure, Vestas has. ....

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Vestas arranges US$319 million facility for Australian wind turbines

Projects being developed by Global Power Generation subsidiaries in state of Victoria
5 May 2021 |
Michael Marray
Turbine manufacturer Vestas has arranged an export credit agency-backed payment deferral facility for three wind farms being developed by Australian subsidiaries of Global Power Generation. The two-year A$415 million (US$319 million) facility will be used for purchasing receivables related to the installation of Vestas wind turbines for the Ryan Corner, Hawkesdale and Berrybank Two wind projects in the southeastern state of Victoria.
This is the first time that Vestas has offered an ECA-backed payment deferral facility anywhere in the world. The wind turbine exports will be covered by Sinosure, together with EKF of Denmark. The facility is being provided by Banco Santander and Deutsche Bank. ....

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