EIB grants loan to EnBW for financing German offshore wind farm

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The European Investment Bank will grant a €600 million loan to German utility EnBW / The He Dreiht wind farm with a capacity of 960 MW will provide 1.1 million households with green electricity

The European Investment Bank (EIB) is supporting the construction of the large new He Dreiht wind farm with a €600 million loan for the German utility Energie Baden-Württemberg AG (EnBW). The wind farm in the German part of the North Sea will consist of 64 wind turbines, each with a 15 MW capacity, providing 1.1 million households with green electricity. The overall cost of the project will be €2.4 billion. EnBW is an experienced developer and operator of offshore wind farms. The He Dreiht wind farm will be located in the German Exclusive... ... More: Official Press Release EIB

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EIB, financing, investment, loan, EnBW, offshore, Germany, wind farm, He Dreiht, megawatts, costs, North Sea