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Ørsted has signed a EUR 175 million 8-year loan agreement with the Nordic Investment Bank (NIB) for the purpose of co-financing its investment in the Borssele 1 & 2 Offshore Wind Farm in the Netherlands.
 
Together with the loan agreement closed with the European Investment Bank on 6 September 2021, the intended long-term financing of Ørsted’s investment in the Borssele 1 & 2 project is now complete. The 752 MW Borssele 1 & 2 Offshore Wind Farm delivered first power to the Dutch grid in April 2020 and was fully commissioned in December 2020. In May 2021, Ørsted completed a 50 % divestment of the Borssele 1 & 2 project to Norges Bank Investment Management.
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