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Borssele 3&4 seeks investors

Shell, Eneco and Mitsubishi ‘exploring options’ for 740MW wind farm

Borssele 3&4 seeks investors image

Eneco has confirmed that it and two other partners in the so-called Blauwwind Offshore consortium are seeking new investors for the 740MW Borssele 3&4 wind farm off the coast of the Netherlands.

The Dutch energy company together with Shell and Mitsubishi Corp subsidiary Diamond Generating Europe are “exploring options” to attract new investment in the project. Fourth partner Van Oord is understood to be keeping its share.

A spokesman for Eneco said: “This is part of a planned assessment by the consortium on how to best fund the project and future offshore wind projects for the long term.

“Offshore wind projects require substantial capital and attracting solid additional investors allows each partner to free up capital to invest in new projects in the future.

“We are in the energy transition for the long-haul and broad-based support will help continuity in the long-term.”

It is understood that the consortium has appointed Green Giraffe and French bank Societe Generale as financial advisors to raise debt for Borssele 3&4.

The wind farm will feature MHI Vestas next-generation turbines and is scheduled for commissioning in 2020.

Image: MHI Vestas

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