Nordic Investment Bank Finances Anholt Offshore Wind Farm

The Nordic Investment Bank (NIB) and Danish energy company DONG Energy have signed a loan totalling EUR 240 million (DKK 1.8 billion) for financing the Anholt offshore wind farm.

The loan has a maturity of 10 years and will partly finance the construction of what will become one of the world's largest offshore wind farms. The wind farm will be located offshore in the Kattegat between Jutland and the island of Anholt.

The Anholt offshore wind farm will supply CO2-free power corresponding to the annual power consumption of more than 400,000 Danish households, or 4% of Denmark's total power consumption.

"This loan to DONG Energy's new offshore wind farm contributes to the Danish government's efforts to make the country less dependent on fossil fuel," says Johnny Åkerholm, NIB President and CEO.

The offshore wind farm project consists of 111 wind turbines, each with a capacity of 3.6 MW. Anholt offshore wind farm is expected to supply its first power in 2012.

 

Source: Reuters