Ørsted signs USD200 million loan agreement for 752 MW wind farm in Netherlands
Ørsted has signed a EUR175 million(US$200.35 million) 8-year loan agreement with the Nordic Investment Bank (NIB) for the purpose of co-financing its investment in the Borssele 1 & 2 Offshore Wind Farm located off the coast of Zeeland, in the south-west of the Netherlands.
Together with the EUR500 million (US$572.42 million) loan agreement closed with the European Investment Bank on 6 September 2021, the intended long-term financing of Ørsted’s investment in the Borssele 1 & 2 project is now complete. The two wind farms have a total of 94 units of 8 MW Siemens Gamesa 8.0-167 DD wind turbines generating 752 MW of power, which is enough electricity to meet the needs of around one million domestic households.
The Offshore Wind Farm delivered the first power to the Dutch grid in April 2020 and was fully commissioned in December 2020.
In May 2021, Ørsted completed a 50% divestment of the Borssele 1 & 2 project to Norges Bank Investment Management.
Country news
-
-
June 14, 2021
Worley received Engineering services contract for 200 MW Hydrogen project in Netherlands
Worley has been awarded an early engineering services contract by Shell to support the development of a new 200 megawatt electrolysis-based hydrogen plant in the Netherlands.
Read more -
April 12, 2021
NBIM acquires 50% stake in 752 MW Offshore wind farm in Netherlands
Ørsted has signed an agreement with Norges Bank Investment Management (NBIM), who will be acquiring a 50 % ownership share of Ørsted's 752 MW Borssele 1 & 2 Offshore Wind Farm.
Read more -
March 11, 2021
Turbine installation starts at 382.7 MW nearshore wind project in Netherlands
Windpark Fryslân has started building wind turbines for 382.7 MW Fryslan nearshore wind project in the IJsselmeer. From March to June 2021, the 89 wind turbines will be shipped, installed and tested.
Read more -
February 25, 2021
Commercial operation starts for a total of 731.5 MW offshore wind farms in Netherlands
The offshore wind complex Borselle III and IV with a combined capacity of 731.5 MW has started its commercial operation in the North Sea, off the coast of the Netherlands.
Read more -
February 16, 2021
Siemens Gamesa to supply turbines for 759 MW Offshore wind farm in Netherlands
Siemens Gamesa Renewable Energy and CrossWind have executed the contract to deliver the turbines for the 759 MW Hollandse Kust Noord offshore wind park in Netherlands.
Read more
