Eurus Energy, YARD conclude financing of three wind farms in the Netherlands

Eurus Energy Group and YARD ENERGY Group jointly have achieved financial close for the construction of Windpark Mauve, Windpark Mondriaan and Windpark Vermeer, with a combined capacity of 155 MW, in the province of Groningen in the Netherlands.

Eurus acquired the projects from YARD prior to financial close. YARD will remain as a minority shareholder in the projects.

Windpark Mauve and Windpark Mondriaan will be built near the Port of Delfzijl and will consist respectively of seven and nine wind turbines. Both projects will be financed by Rabobank and Sumitomo Mitsui Banking Corporation. Windpark Vermeer, consisting of 20 wind turbines, will be located approximately 20 km to the south of the two other wind farms, and will also be financed by the two banks, together with ABN AMRO Bank and BNG Bank.

Eneco will offtake the renewable electricity from all three wind farms, in an amount equivalent to the annual consumption of approximately 200,000 households.

The three wind farms are expected to start operation in 2021.