Rentel NV reaches financial close for its 309 MW offshore wind project in the Belgian North Sea
Rentel NV has reached financial close for the construction of a new 309 MW offshore windfarm off the Belgian coast*
Brussels, October 3, 2016 - The Rentel project - located 40 kilometers north of Ostend - will be the fifth offshore wind project in the Belgian North Sea. This new offshore power station will consist of 42 turbines and will have a total installed capacity of 309 MW. The total investment is 1,1 billion euros. The new wind turbines will be the largest thus far installed in the Belgian North Sea and will deliver renewable energy to approximately 285.000 households.
The project is partially financed by CFE through its subsidiaries DEME and RENT-A-PORT Energy.
Dredging International, branch of the DEME Group, will execute the design, the supply, the transport and the installations for foundations and infield cables.
Details can be found in Rentel’s attached press release.
*The closing process remains subject to the formal approval of the modified Belgian REC Regime by the European Commission and its qualification within the European state aid rules, however, based on a close collaboration among parties on this matter, there is a strong confidence that such approval will soon be obtained.
For further information, please contact, at CFE:
Chief Executive Officer
tel.: +32 2 661 13 27
mobile: +32 497 514 445
Fabien De Jonge
Chief Financial Officer
tel. +32 2 661 13 12
mobile +32 497 514 406