C-Power Borrows Record $1.16 Billion for Wind Farm
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C-Power NV, a Belgian wind farm developer, signed a $1.16 billion loan agreement for its Thornton Bank wind power project off the nation’s coast, the largest ever for the offshore industry.
A group of seven commercial banks will provide non-recourse construction financing together with the Danish export credit agency Eksport Kredit Fonden, its German counterpart Euler Hermes Kreditversicherungs AG and the European Investment Bank, according to a statement released today by C-Power.