KfW IPEX-Bank finances Guanyin Wind Farm in Taiwan

Frankfurt am Main (ots) - KfW IPEX-Bank GmbH finances almost EUR
60 million for the construction of the Guanyin Wind Farm on the
Taiwanese coast around 60 km west of Taipei. The relevant agreements
were signed on Wednesday. The total investment sum is approx. EUR 65
million. The initiators of the project are the German enterprises
VWind AG and wpd AG, which have already realised three similar
projects with KfW IPEX-Bank in Taiwan.

By means of an innovative financing structure the loan is being
made available in the local currency of Taiwan Dollars in order to
avoid foreign exchange risks. The financing was structured by KfW
IPEX-Bank, and a syndicate formed by local and international banks
which maintain a presence in Taiwan will be providing the liquidity.

The wind farm will have a capacity of 43.7 MW and consist of
altogether 19 wind energy converters that will be supplied, erected
and put into operation by Aurich-based Enercon, a leading German wind
energy converter manufacturer. Enercon will also perform the
long-term repair and maintenance of the converters. The new wind farm
is scheduled to be commissioned in summer 2010.

The Taiwanese parliament enacted a renewable energy law only
recently, at the beginning of July. Under the law, the existing
generating capacity of around 2.2 GW is to be expanded by installing
up to an additional 10 GW generated from renewable energy. The
Guanyin Wind Farm is thus one of the first projects to run
commercially under the new renewable energy law.

With the Guanyin Wind Farm KfW IPEX-Bank is financing a
forward-looking project in Taiwan's nascent market for renewable
energy. The financing of renewable energy projects is an integral
part of the programme of services offered by KfW IPEX-Bank under
which it contributes to protecting the Earth's environment and
climate.

About KfW IPEX-Bank GmbH

Within KfW Bankengruppe KfW IPEX-Bank GmbH provides project and
corporate financing as well as trade and export financing
domestically and abroad. Worldwide it conducts all market activities
of KfW Bankengruppe that are carried out on commercial terms. KfW
IPEX-Bank GmbH has been operating as a legally independent subsidiary
since 1 January 2008 and contributes significantly to the promotional
mission of KfW Bankengruppe. It has approx. 490 employees (as of July
2009) and is represented in the key economic and financial centres
throughout the globe.

Originaltext: KfW-IPEX-Bank
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Contact:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: dela.strumpf@kfw.de
Tel. 069 7431-2984, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de, Internet: www.kfw-ipex-bank.de