Rentel reaches financial close for 309MW offshore wind project in Belgian North Sea

3 October 2016 (Last Updated October 3rd, 2016 18:30)

Rentel has achieved financial close for the construction of 309MW offshore windfarm in Belgium.

Rentel has achieved financial close for the construction of 309MW offshore windfarm in Belgium.

The new project will be built at 40km north of Ostend and will be the fifth in the Belgian North Sea. This windfarm will feature 42 turbines installed with the total investment of €1.1bn.

Rentel's chief executive officer (CEO) Nathalie Oosterlinck said: “This is a very important step in the project. Thanks to this investment we do not only contribute to achieving the international, but also the Belgian climate objectives. By 2020, 13% of our produced energy will have to be renewable.

"By 2020, 13% of our produced energy will have to be renewable."

“Half of it will come from offshore wind energy. By investing in local power stations we reduce having to import electricity. This increases Belgium’s energy independence.

“Furthermore, the realisation of the new windfarm generates approximately 1400 direct and 1400 indirect jobs during the development and construction stages. During the exploitation stage, 100 permanent jobs will be created.”

The turbines installed at this windfarm are reported to be the largest on the Belgian North Sea, and they will have the capacity to power approximately 285,000 households. The turbines will be supplied by Siemens.

Construction of the project will commence this month and the offshore work will begin next year. First power is expected to be transmitted into the Belgian grid in mid-2018.