On October 31, Chairman Shen, Shang-Hung of the TAYA Group signed a NT$5.7 billion syndicated loan case on behalf of subsidiary Jhih-Guang Energy, entering an agreement with Bank SinoPac and other syndicated lenders.
2021/08/31
A win-win for fisheries and electricity: the TAYA Group continues to inject new power into green energy
Eight major banks arrange a syndicated loan of NT$5.7 billion, targeting fishery and electricity symbiosis solar power
Jhih-Guang Energy Co., Ltd., a subsidiary of the TAYA Group, this morning (Oct. 31) arrived at the Sheraton Hotel in Taipei to formally sign contracts with eight banks to formalize a NT$5.7 billion syndicated loan case. This case will culminate in Taiwan’s largest fishery and electricity symbiosis solar power plant. The plant is to be located in the Qigu district of Tainan City with a total installed capacity of 120 megawatts (MW). After its completion and commissioning, it will go beyond promoting upgrades of local aquaculture and fisheries and optimizing land use models to also promote a new economic model of green energy power generation.
Co-construction of fisheries and power creates a win-win advantage for the green energy economy
Chairman Shen, Shang-Hung of the TAYA Group stated that TAYA has been deploying in the green energy industry for many years. This time, it takes aim at the new economic advantage of symbiosis between fisheries and electricity, and this is also in line with the government’s current trend of solar photovoltaic policies. Jhih-Guang Energy, an investment of subsidiary Ta Ya Green Energy Technology, today (Oct. 31) concluded a NT$5.7 billion syndicated loan case, thereby promoting a new milestone in energy transformation. The solar power plant will be built in the Sanguzi section of the Qigu District of Tainan City with a total area of about 160 hectares and a total installed capacity of 120MW. It is expected that the first phase of 85MW will be completed by the end of next year (2022) and the second phase of 35MW will be completed in 2023. Creation of at least 3 billion kilowatt-hours of electricity is anticipated over the next 20 years, equivalent to the carbon absorption of 4,110 Daan Park; meanwhile, revenue is expected to exceed NT$12 billion. It is hoped that through the co-construction of aquaculture fishery farms and solar photovoltaic equipment, this will improve the aquaculture production environment while also diversifying land utilization and promoting decentralized energy supply so as to create win-win advantages together.
Eight major financial partners actively participating in loans
In arranging this syndicated loan case, the TAYA Group has once again teamed up with Bank SinoPac, an institution that has deep involvement in green financial services. Seeing the prospects for renewable energy brought forth by the Jhih-Guang ground-mounted fishery and electricity symbiosis solar power plant, Bank SinoPac stepped up as lead bank and invited the participation of seven financial industry peers, including KGI Bank, Yuanta Bank, O-Bank, Taishin Bank, Bank of Taiwan, Cathay United Bank, and Hua Nan Bank. Syndicated loan funds will go entirely to the construction of the site. Oversubscribed by 1.6 times for a total amount of NT$9 billion, this fully demonstrates the banking group’s affirmation of the TAYA Group’s deep cultivation of green energy, as well as its expectation that construction will be successfully completed under the case.
TAYA energy linking different industries to connect beautiful life
Following the completion of Taiwan’s first large-scale project for land conversion into solar power plant construction last year (2020), the TAYA Group continues to devote attention to suitable cases. After Jhih-Guang Energy’s solar power plant is connected to the grid, the Group will have 62 solar power plants with a total installed capacity of 250MW. This will contribute power generation revenues of NT$1.5 billion each year, and can supply a total of 90,000 households with electricity annually. The TAYA Group is committed to promoting energy transformation and to energy connections between different industries, enhancing the socio-economic synergy of photovoltaic green energy and linking the daily lives of beautiful life.
