EIB Approves Borssele 1&2 Financing
The European Investment Bank (EIB) has approved a EUR 500 million financing for the Borssele 1 & 2 offshore wind project in the Netherlands.
At the beginning of the year, Ørsted applied for a loan with the EIB which will finance the construction and the operation of the 752 MW wind farm.
The estimated value of the project is around EUR 1.5 billion.
Borssele 1 & 2 will comprise 94 Siemens Gamesa 8 MW turbines located 22 kilometers off the coast of the province of Zeeland.