Commercial and development banks join forces to finance Global Tech I offshore wind farm

The bulk of financing for one of the most costly ever wind farms in the German North Sea has now been secured. A consortium of commercial banks and the European Investment Bank (EIB) signed the finance contract for the Global Tech I project in Hamburg today. The external borrowing requirement is around EUR 1 billion and the EIB’s contribution amounts to EUR 500 million. Global Tech I will be built in an area of 41 square kilometres around 180 km north-west of Bremerhaven and 138 km north-west of Emden, outside protected marine areas in Germany’s exclusive economic zone (EEZ). Its 80 wind turbines with a total installed capacity of 400 MW are expected to generate around 1.4 billion kilowatt hours of electricity a year, enough to supply 445 000 households with environmentally friendly power. Global Tech I will be connected to the national grid in 2012 and fully completed in 2013. The special purpose vehicle Global Tech I Offshore Wind GmbH (GT I) is responsible for building and operating the project ...Zum vollständigen Artikel

Cookies helfen bei der Bereitstellung unserer Dienste. Durch die Nutzung erklären Sie sich mit der Cookie-Setzung einverstanden. Mehr OK