C-power reaches financial close

Press release, 25 November 2010

C-Power EUR 1,289 M investment financing for the construction and operation of a 325 MW offshore wind farm

C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (located about 30 km in the North Sea off the Belgian coast). A group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW Ipex-Bank, Commerzbank, Dexia and ASN Bank together with export credit agencies Euler-Hermes of Germany and EKF of Denmark, and the European Investment Bank will provide between them long term facilities totalling EUR 869 M.

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C-Power financing closes (company press release)

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