Belwind

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Belwind
Belwind is located in North Sea
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Location of Belwind off the coast of Belgium in the North Sea
Country Belgium
Location North Sea
Zeebrugge region
Ostend
Coordinates 51°39′36″N 2°48′0″E / 51.66°N 2.8°E / 51.66; 2.8Coordinates: 51°39′36″N 2°48′0″E / 51.66°N 2.8°E / 51.66; 2.8
Status Operational (phase 1)
Planned (phase2)
Commission date 9 December 2010 (9 December 2010)
Owner(s) Belwind NV
Turbine information
Turbines 55 x 3 MW
Manufacturer(s) Vestas
Model(s) Vestas V90-3MW
Wind farm information
Distance from shore 46 km (29 mi)
Power generation information
Installed capacity 165 MW
Maximum capacity 330 MW

The Belwind Wind Farm is located on Bligh Bank, 46 kilometres (29 mi) from the Belgian port of Zeebrugge, and will be built in two phases. When completed, it is expected to have a 330 MW production capacity and an estimated annual output of 1.1 TWh.[1] Phase 1 has a 165 MW production capacity.[2]

Contents

[edit] Financing

Bligh Bank is the first stage of what is planned to be a 330 MW project. It was financed under a Project Finance structure by Project Company ‘Belwind’, after a number of delays[3] that included bankruptcy of developer Econcern[4]. Financial close was eventually reached on July 27, 2009. Bligh Bank is only the third offshore wind farm to be Project Financed, following Q7 and Thornton Bank. The €613 million deal sees Colruyt Group, DHAM NV, SHV, ParticipatieMaatschappij Vlaanderen (PMV), Meewind and Rabo Project Equity, come together to invest in the construction of the 165 MW first stage of the Project[5]. For the first time the European Investment Bank will assume project finance risk for an offshore wind farm, by granting €300 million towards financing the Project[6].

[edit] Status

Construction of the first phase commenced in August 2009 and was completed on 9 December 2010.[7][8]

[edit] See also

[edit] References

[edit] External links

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