RWE Innogy sinks its teeth into Belgium's Thornton Bank

Aufbau Offshore-Windpark Thornton Bank, Belgien1.Phase, 6 x Repower 5Mfür Repower Systems AG17.9.2008(c) Foto: Jan Oelker/Repower

Blades being installed at the first six turbines at Thornton Bank.

Germany’s RWE Innogy has bought a 26.72% stake in Belgian offshore wind developer C-Power, making it the largest stakeholder in Belgium’s flagship offshore wind project, the 300-megawatt (MW) Thornton Bank.

RWE Innogy, the renewables arm of German energy giant RWE, purchased 20.22% of C-Power from Belgian investment firms Ecotech and Socofe, and another 6.5% from a smattering of smaller shareholders, including EDF Energies Nouvelles.

Ecotech and Socofe, which have been the principal investors in C-Power since its inception nearly a decade ago, now hold a combined 20% stake in the company.

Ecotech chief executive Michel Savonet says RWE’s experience in offshore development, as well as its deep pockets, are exactly what is needed to see Thornton Bank through to a successful conclusion.

“We will…

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