Eldepasco gets $21m budget boost and confirms Vestas

The investors behind Belgian wind project Eldespasco have approved a €15m ($21.4m) increase in the development budget and confirmed their intention to use 72 Vestas turbines.

Eldepasco had languished in development limbo until last month, when two of its shareholders – renewables developer Electrawinds and offshore contractor Depret – exited the project amid concerns about its cost.

The remaining two original stakeholders, Belgian discount supermarket chain Colruyt and renewables developer Aspiravi, purchased their stakes, and now own 66.7% and 33.3% of the project respectively.

Eldepasco is slated to become Belgium’s third offshore wind farm, behind the first phases of Thornton Bank and Belwind.

Colruyt and Aspiravi say they are in “final contract negotiations” with Vestas regarding the purchase of 72…

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