Dutch finance for Weser estuary project

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Dutch bank NIBC is arranging financing for the Nordergründe wind farm proposed for the German North Sea, says project owner Energiekontor. "The main financing conditions have been agreed and a contract to mandate the bank to act has been signed," says the company. The 87.5 MW project, with up to 25 turbines, is one of the few in Germany proposed for a site relatively close to shore in the mouth of the river Weser about 15 kilometres north of Wilhelmshaven. Water depth is four-15 metres. Full permitting is expected to be completed in the autumn so construction and commissioning can take place in 2009, says Energiekontor. It is also working on a second offshore project, Borkum Riffgrund Westis, about 40 kilometres north-west of the island of Borkum. The initial pilot phase is to comprise 80 turbines.

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