DNV GL Successfully Completes Technical Due Diligence for Windfloat Atlantic Floating Wind Project

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Technical Due Diligence helped secure EUR 60 million from the European Investment Bank to become world’s first project-financed floating wind farm

DNV GL, the world’s largest independent energy advisory and certification body, has successfully completed a lenders’ technical due diligence on the 25 MW Windfloat Atlantic project, the biggest floating wind farm in the Iberian Peninsula.   The project is the first project-financed floating wind farm. The due diligence undertaken by DNV GL was instrumental in helping the project to secure the funding from the European Investment Bank which now has announced its intention to provide a EUR 60 million loan to Portuguese company Windplus. The project, which is located about 20 km of Costa Viana... ... More: Official Press Release DNV GL

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DNV GL, Technical Due Diligence, Windfloat Atlantic project, Portugal, offshore, Windplus