Nobelwind 165MW Offshore Wind Farm

21/10/2015
Project development, Project finance

€ 655 million

$ 702.516 million

Completed

21/10/2015


Overview:

  • Nobelwind 165MW Offshore Wind Farm.
  • €655 million in financing has been secured for the project.
  • The wind farm is on the Bligh Bank in Belgium.
  • The company behind the project is a collaboration of Belgian Parkwind, Japanese Sumitomo, and Dutch Meewind.
  • Funding was provided by a consortium that included the European Investment Bank (EIB) and Rabobank, among others.
  • Investment funds also provided subordinated loans for the project, including TINC, DG Infra Yield, and PMF Infrastructure Fund.
  • The project is expected to be completed by the end of the first half of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

Belgium

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

Belgium

Industry sector:

Energy


Firms:

Party: European Investment Bank - EIB (Lender)


Party: Nobelwind (Borrower)

Lawyer: Marc Vermylen


Party: TINC (Lender)

Party: DG Infra Yield (Lender)

Party: PMF Infrastructure Fund (Lender)

Lawyer: Wouter Ghijsels