- Published: 19 July 2018 19 July 2018
Following the merger approval by the European Commission, the contribution of THV Mermaid into Seastar NV was finalised today. The resulting merged project will be named Seamade NV. As of today, Seamade NV will be responsible for the development of both the Mermaid and Seastar offshore wind areas in the Belgian part of the North Sea, which together stand for a total capacity of 478,2MW.
This merged project will allow to finance both projects through one project finance transaction. The aim is to achieve financial close by the end of this year. Construction could then start in 2019 in order to be fully operational end of 2020. The Seamade project will comprise 58 Siemens Gamesa wind turbines, with a rotor diameter of 167 metres, on monopile foundations and two offshore substations which will connect to ELIA’s Modular Offshore Grid.