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The European Investment Bank (EIB) will grant € 333 million to finance the Northwind offshore wind power plant.

The financial close will cover the construction and operation of a 216MW offshore wind farm to be built on a sandbank located 37 km from the port of Ostend on the Belgian coast. This new facility will generate the equivalent of the energy consumption of 230 000 households and will be using the most innovative equipment and state-of-the art technology. The project is expected to be completed in mid-2014. Northwind is the third (after Belwind and C-Power) non-recourse EIB loan in the Belgian offshore wind sector.
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