Dutch get loan for Enercon 195MW

A group of European banks will lend a total of €350m ($479m) to NOP Agro Wind, which is buying 26 of Enercon’s 7.5MW onshore turbines for deployment in the northeast Netherlands.

NOP Agro Wind – a venture by a collective of Dutch farmers – will add the 195MW to turbines already in place at the site in the Western Noordermeer dike .

The total cost of the extension will be about €420m, with the first of the new Enercon E126 machines expected to be installed and producing power from this September. The project should be finished by 2016.

A consortium of the European Investment Bank (EIB), Germany’s KfW Ipex-Bank and Rabobank is providing the finance.