Final investment decision for Norther offshore wind project
The 370-MW Norther offshore wind project in Belgian North Sea, has finally achieved financial closure by means of a €438-million (US$456 million) financing package provided by the European Investment Bank.
The project worth €1.1 billion (US$1.15 billion) 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 has been selected to provide 44 V164-8.4 MW turbines, wich have been specially optimised for the 370 MW Norther project. MHI Vestas is the joint venture between Japan’s Mitsubishi Heavy Industries and Denmark’s Vestas.
On the other hand, Netherlands-based Van Oord will be in charge of the engineering, procurement, supply and installation of the 44 turbine foundations.
As we reported in mid December, Mitsubishi Diamond Offshore Wind Holdings II BV, wholly-owned subsidiary of Japan-based Mitsubishi Corp has signed a deal to acquire 25% stake in the Norther offshore wind project.
Mitsubishi, jointly with Eneco have agreed to establish a 50/50 joint venture to invest in the Norther project, holding a 50% stake in the scheme. The remaining stake will be owned by Elicio NV.
Country news
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November 14, 2016
Mitsubishi subsidiary to acquire stake in 370 MW Belgian offshore project
Mitsubishi Diamond Offshore Wind Holdings II BV, wholly-owned subsidiary of Japan-based Mitsubishi Corp is seeking to acquire stake in the 370-MW Norther offshore wind project located in Belgian North Sea. Read more -
July 18, 2016
Vleemo finances Belgian wind park
Vleemo, the Belgium-based renewable energy company, will construct and finance a 57 MW wind farm in Antwerp city, Flanders, Belgium. The project will be located on the right bank of the Port of Antwerp. Read more -
May 31, 2016
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. Read more -
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
