EIB financing considered for offshore wind farm in Belgium
The European Investment Bank (EIB) is mulling providing project financing for the Norther offshore wind project in Belgian North Sea.
More concretely, the EIB is mulling providing €450 million (US$500.5 million). The total project investment has not been disclosed.
The project, owned by Elicio NV and Eneco Group, involves the construction and operation of an offshore wind park 22 km from the Belgian Coast with an estimated capacity of up to 370 MW. MHI Vestas Offshore Wind will provide the 47 V164-8.0 MW wind turbines for the new offshore facility.
According to the EIB, the development of offshore wind energy will support EU and national targets for renewable energy generation, and contributes to security of energy supply and environmental objectives. The project will further contribute to the EIB's priority objectives for energy-sector lending related to renewable energy sources and climate action (transversal).
Country news
-
-
May 03, 2016
Port of Antwerp and ENGIE sign 30-year concession to develop Alternative Energy Hub
The Antwerp Port Authority and ENGIE have signed a 30-year concession agreement for the development of an Alternative Energy Hub at Quays 526 and 528 in the Port of Antwerp. Read more -
March 01, 2016
GE Chosen to Build World’s Largest Commercial Biomass-Fired Power Plant
General Electric (GE) has recently announced that it has been selected by Mechelen-based Belgian Eco Energy (BEE) to build the largest greenfield and 100% biomass-fired power plant in the world. Read more -
February 05, 2016
Gestamp Renewables announces completion of projects and projects under development
Gestamp Wind has set into operation seven new wind farms, with a combined power of 152 MW, and is also developing 216 MW of wind power. Read more -
December 22, 2015
EIB considers financing Rentel offshore wind farm
The European Investment Bank (EIB) is considering providing a €400 million loan for the construction of the 294 MW Rentel offshore wind farm in Belgium.
Read more -
December 09, 2015
EIB completes governance set up of European Fund for Strategic Investments
European Investment Bank (EIB) President Werner Hoyer recently appointed Wilhelm Molterer as the Managing Director and Iliyana Tsanova as the Deputy Managing Director of the European Fund for Strategic Investments (EFSI). Read more
