| Project Detail |
The project concerns a large scale, fixed-bottom offshore wind farm with a total nominal capacity of 960 MW, comprising 64 wind turbines of 15 MW unit capacity, monopile foundations and inter-array cabling. The grid connection, comprising an offshore converter station as well as two HVDC export cables at a distance of over 120km subsea and 110km onshore, is implemented by the responsible Transmission System Operator (TSO) outside the scope of the Banks financing. Objectives The offshore wind farm will primarily reduce carbon and air pollution emissions, which are externalities the market fails to address. Moreover, the project should foster the integration of new, variable renewable generation technologies in the market. The EIB financing would thus fill a market gap in the development of new renewable capacity. That would include a financing gap for projects that try to develop new capacity with more market-exposed structures and instruments. Sector(s) Energy - Electricity, gas, steam and air conditioning supply Proposed EIB finance (Approximate amount) EUR 1075 million Total cost (Approximate amount) EUR 2,383 million |
