The EIB loan will benefit from a guarantee from the European Fund for Strategic Investments (EFSI), the mainstay of the Investment Plan for Europe.
The Belgian wind farm developer Parkwind will use new floating platforms to build the windmills in the Baltic Sea northeast of the island of RÃ¼gen. The new technology is expected to be more efficient than the jack-up ships previously used on difficult seabeds.
So far, Parkwind has implemented wind farm projects exclusively in Belgium, with this German wind farm being the company’s first international project. After winning the competition for this project in 2018, Parkwind received approval from the government of Mecklenburg-Western Pomerania in March 2021.
“The EIB is proud to have acted as an anchor investor for this innovative project together with the EFSI.” said EIB Vice-President Ambroise Fayolle, who is responsible for the environment, climate protection and the circular economy and oversees EIB operations in Germany. “Offshore wind farms are a cornerstone of the EU Green Deal in order to achieve the goal of an emission-free economy in Europe.”
EU Economic Commissioner Paolo Gentiloni said: âIn order to achieve our goal of climate neutrality by 2050, we have to massively expand the use of renewable energies. This new offshore wind farm, supported by the Investment Plan for Europe and the European Investment Bank, is an important step in this direction. With its innovative, more efficient technologies, it will help to supply 290,000 households with sufficient clean energy and thus significantly advance the green turnaround in Germany. “
Eric Antoons, Co-CEO of Parkwind commented: âJoining such a strong group of lenders gives us further confidence in our pursuit of our mission and ambition to grow internationally. We are now concentrating on implementing the project and contributing to Germany’s transition to renewable energy sources. “
The energy minister of Mecklenburg-Western Pomerania Christian level said: âSince the approval of the first offshore wind farm in the German Baltic Sea in 2011, offshore wind has not only contributed to the energy transition, but also to enormous economic development in our region. We are continuing this success story with Arcadis Ost 1, which is now the fourth offshore wind farm off the coast of Mecklenburg-Western Pomerania. In the future, we want to generate climate-neutral hydrogen with offshore wind and thus make our region even more attractive for new business locations. “
TheArcadis East 1 The wind farm has an output of around 257 MW and is located in the Baltic Sea, 19 km northeast of the island of RÃ¼gen, within the 12 nautical mile zone of the state of Mecklenburg-Western Pomerania. Parkwind secured grid capacities for the project at the offshore wind auction in Germany in 2018. The offshore installation work is scheduled to begin in 2022. It should go into operation in 2023 and generate enough green electricity for the annual electricity consumption of more than 290,000 households.
Further information on offshore wind farms worldwide can be found at Click here.