EIB to finance 500 MW offshore wind project in Belgium

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The European Investment Bank (EIB) has disclosed that it approved an undisclosed amount of financing for the 488 MW Seamade offshore wind project on 17 July. The project comprises the construction of two offshore wind farms (previously being developed as separate projects known as SeaStar and Mermaid) located around 38 and 50 km from the coast of the Belgian province of West Flanders.

The project has been in development for many years, having been awarded concessions for the then-separate wind projects in 2012 but failing to agree subsidies with the Belgian government until October 2017. In March, Siemens Gamesa was selected to install 58 turbines at the two project sites.

The project is owned by a joint venture of Eneco, Engie and Otary, a consortium of eight Belgian companies operating in the offshore wind industry - Aspiravi, Deme, Elicio, Green Offshore, Power@Sea, Socofe, SRIW and Z-Kracht.

List of the country updates

Country updates

  • July 20, 2018

    Two Belgian offshore wind projects merge

    The SeaStar and Mermaid offshore wind projects, both located off the coast of the West Flanders province of Belgium, have been merged by their owners to form the Seamade project, which has a generatio...

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  • July 06, 2018

    Bladt Insdustries has been selected to deliver the monopiles and transitions pieces for the project

    Bladt Insdustries has been selected to deliver the monopiles and transitions pieces for the project. Separately, Bladt will deliver one monopile and a transition piece foundation for the project’s sub...

    Read more
  • July 06, 2018

    EU Commission approves new joint venture for Belgian offshore wind projects

    The European Commission has approved, under the EU Merger Regulation, the restructuring of two offshore wind projects located in Belgian waters, known as Seastar and Mermaid. The proposed transac...

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  • June 15, 2018

    Fluence Corp to design and build ArcelorMittal's wastewater treatment and EfW facility

    Fluence Corp has been awarded a €3.9 million (US$ 4.5 million) contract by ArcelorMittal for the design and construction of a wastewater treatment and waste-to-energy (EfW) system...

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  • May 05, 2018

    Turbine installation has commenced and is expected to be completed after the summer

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