April 21 (Renewables Now) - Тhe local parliament has approved on Wednesday an investment of up to EUR 127 million (USD 136m) by the Dutch province of Friesland in the 320-MW Fryslan offshore wind park.
The Provincial Executive and the developers of the wind farm, Windpark Fryslan BV, reached an in-principle agreement on the province's financial participation in the project earlier this year. The provincial parliament's green light clears the way for the formal deal to be signed on May 15. The investment will be made when the project secures all needed funds and is ready for construction, which is expected to happen in the second half of 2018.
The wind park will consist of 89 turbines that will be erected in the northern part of the IJsselmeer lake. It is expected to start generating power in 2021.
(EUR 1.0 = USD 1.074)