Belgium's Northwester 2 Wind Project Gets $242 mln EIB Loan

Posted by Michelle Howard
Friday, October 5, 2018

Belgium's 219 megawatt (MW) Northwester 2 offshore wind farm project secured a 210 million euro ($242 million) loan from the European Investment Bank (EIB), the bank said on Friday.

EIB said the project, estimated to cost around 642 million euros, was among four Belgian offshore wind projects it would support with the European Fund for Strategic Investments.

It said another 100 million euros for the project would be guaranteed by Denmark's Export Credit Agency EKF.

Construction is expected to start in May 2019 and the farm will become operational in 2020.

The 23 MHI Vestas wind turbines with a capacity of 9.5 MW each, will generate an estimated 219 MW of power, enough to supply electricity to around 220,000 Belgian homes, EIB said in the statement.

Northwester 2 is backed by partners Parkwind which holds 46 percent, Belgian retailer Colruyt 30 percent, Incontrol with 14 percent and TTR with 10 percent, according to the project's website.

Writing by Bate Felix

Categories: Offshore Energy Renewable Energy

Related Stories

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Wood JV Gets EPC Job for Shell off Brunei

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Woodside to Shed Some Trinidad and Tobago Assets for $206M

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com