The Oil Drum: The First Ever Off-Shore Wind Farm Financed by Banks…

This Wednesday, a few banks, including mine, signed and disbursed a ground-breaking loan: we put 378 million euros on the table, to build 60 wind turbines in the North Sea, 25 kilometers off the coast of the Netherlands, near Amsterdam. The wind farm, at 120 MW is not the biggest to be built offshore (that title goes to Nysted, built three years ago, which has a capacity of 165 MW), but it is the first-ever offshore wind farm to be financed by banks. Above is a picture of one of the first piles, built just a few weeks ago.
Much more after the jump to The Oil Drum.