US$570 million financing provided for 2.85 GW Offshore wind farm in UK
Export Finance Norway (Eksfin) is providing loan financing of EUR 525 million (US$570 million) to Ørsted for the purchase of two transformer platforms from Norway’s Aibel for the Hornsea 3 offshore wind farm project in the UK.
Hornsea 3, situated off the Norfolk/South Yorkshire coast, will be the world’s single largest wind farm. It is expected to generate a minimum of 2.9 GW of electricity when in operation in 2027, enough to supply around three million homes with clean energy. It will be Ørsted’s third gigawatt-scale project in the Hornsea zone following Hornsea 1 (1.2 GW) and Hornsea 2 (1.3 GW), which are already in operation.
The Hornsea zone is split into four areas allocated for offshore wind farm development. It is connected to Norwich Main National Grid Substation via buried onshore cables and a new onshore substation.
Country news
-
-
February 19, 2024
US$161.62 million cornerstone commitment signed for Decarbonisation Infrastructure Fund
The European Investment Fund (EIF) has signed a EUR150 million (US$161.62 million) cornerstone commitment to the White Summit Capital Decarbonisation Infrastructure Fund II (WDIF II).
Read more -
February 02, 2024
EIA submitted for 1 GW Floating Wind farm in Scotland
Stromar Offshore Wind Farm Limited, a joint venture between Ørsted, BlueFloat Energy and Renantis, has successfully submitted its comprehensive EIA scoping and HRA screening reports for the 1 GW floating offshore wind energy project located approximately 50 km east of Wick, Scotland.
Read more -
January 29, 2024
Approval secured for 25 MW Solar PV project in England
South Gloucestershire Council has granted approval to RES for its 25-MW Varley solar farm project located south east of Cromhall, South West England.
Read more -
November 27, 2023
SDCL closed USD711 million Energy Efficiency Infra Fund
Sustainable Development Capital LLP (SDCL) has closed its energy efficiency infra fund at its EUR 650 million target (USD 711 million).
Read more -
November 13, 2023
Final Close announced for USD550 million Sustainable Infrastructure Fund
Alternative asset manager Gresham House has announced the final close of its second sustainable infrastructure fund at GBP 450 million (USD 550 Million).
Read more
