Blauwwind II C.V., a consortium behind the Borssele III and IV offshore wind project, has applied for a loan with the European Investment Bank (EIB) to support the development of the 740MW offshore wind farm in the Dutch part of the North Sea.
Blauwwind II, comprising Shell, Eneco, Van Oord, and Diamond Generating Europe, a wholly-owned subsidiary of Mitsubishi Corporation, won the second Borssele tender in December 2016.
The consortium has now submitted the loan application with EIB for an undisclosed sum. The application is currently under appraisal.
The Borssele III and IV wind farm, located some 22 kilometres offshore, will feature MHI Vestas wind turbines.
The wind farm is expected to be constructed and operated with a government subsidy of just EUR 300 million. The originally anticipated subsidy was EUR 5 billion.
All five Borssele wind farms are expected to be operational by 2023.
Photo: Image source: MHI Vestas
List of related news articles
-
Posted: about 1 month ago
Borssele III & IV Stands Complete
The final of the 77 MHI Vestas V164-9.5 MW turbines has been installed at the Borssele III & IV ...
Posted: about 1 month ago -
Posted: 5 months ago
Borssele III & IV Produces First Power
The Borssele III & IV offshore wind farm produced first power early in the morning on 7 August, ...
Posted: 5 months ago -
Posted: 4 months ago
Construction on Dutch Offshore Wind Farm Enters Final Stretch
Around three-quarters of wind turbines have been installed at the 731.5 MW Borssele III and IV wind ...
Posted: 4 months ago -
Posted: about 1 month ago
Siemens Gamesa Secures EUR 300M EIB Loan for RDI Strategy
Siemens Gamesa has arranged a EUR 300 million loan from the European Investment Bank (EIB) to fund i...
Posted: about 1 month ago