December 7 (Renewables Now) - The Energy Transition Fund of Dutch lender ABN Amro has tied up with domestic companies Greenchoice and Windunie to acquire the owner of a 14.1-MW wind project in the Netherlands.
The trio has purchased a 100% stake in private-owned firm De Wieken, the developer of the so-called DeVeenwieken wind project, for an undisclosed sum, ABN Amro said this week. The particular wind farm will be installed in the eastern province of Overijssel, consisting of 10 turbines supplied by Germany’s Enercon GmbH.
Construction of the facility is expected to begin in the first half of next year, with the aim to start power generation by the end of 2019. The produced electricity is expected to be enough to meet the demand of around 10,000 homes per year.
Netherlands-based Triodos Bank NV is providing funding for the project.