Cases & Deals

  • Home
  • Practices
  • Consortium provides €900 million financing for Belgium's largest offshore wind farm

Share

Consortium provides €900 million financing for Belgium's largest offshore wind farm

December 2016

Client(s) Consortium of senior lenders

Jones Day advised a consortium of senior creditors, consisting of ABN AMRO Bank N.V. Belgian Branch; Belfius Bank SA/NV; BNP Paribas Fortis SA/NV; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Coöperatieve Rabobank U.A.; Sumitomo Mitsui Banking Corporation; Sumitomo Mitsui Trust Bank, Limited (London Branch); Société Générale, London Branch; European Investment Bank; and EKF Danmarks Eksportkredit, in connection with the financing of Norther's approximately €1.2 billion total required investment for developing and constructing a 370 megawatt offshore wind farm. The wind farm will be located in the North Sea (south of the Thornton Bank), approximately 22 kilometers north of Ostend (Belgium).

Norther is a project company owned by Elnu NV (part of the Elicio group) and Boreas Wind Offshore, a joint venture between the Eneco group and the Mitsubishi Corporation group. Construction of the wind farm, consisting of 44 Vestas turbines, is expected to be completed in 2019.

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.