UPDATE - Fin close reached on 383-MW Dutch nearshore wind project

Image of the Fryslan wind park in the Netherlands. Image by: Eneco.

October 3 (Renewables Now) - The Dutch consortium that will build the 382.7-MW Fryslan nearshore wind park in the Netherlands has achieved financial close on the project, it was announced on Wednesday.

The developer of the scheme is Windpark Fryslan BV, while the tie-up selected as the main contractor includes Dutch firm Van Oord and turbine manufacturer Siemens Gamesa Renewable Energy SA (BME:SGRE). The total cost of the project is estimated at around EUR 850 million (USD 930.3m).

According to an announcement on the project’s website on Wednesday, a total of 10 banks, including BNP Paribas, ING and KfW IPEX, will jointly provide around EUR 700 million for the wind park’s construction, while the province of Fryslan will participate with a EUR-20-million contribution plus EUR 80 million in subordinated loans.

The Fryslan wind farm will be installed in the Frisian part of the Ijsselmeer Lake and will be powered by 89 Siemens Gamesa turbines of 4.3 MW each, which will form the largest wind park installed in inland water globally. Planned to be fully operational in 2021, the power plant will be able to generate enough electricity for about 500,000 homes.

Van Oord said in a separate statement that preparatory work on the project has already been initiated, with soil investigations having started at the end of last year. Construction of the transformer station on Breezanddijk has also begun.

(EUR 1.0 = USD 1.094)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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