If approved, the EIB loan would represent about half the totalcost of the project, which is being jointly developed by Spain’s Iberdrola via its ScottishPower Renewables subsidiary andDenmark’s Dong Energy.
Listing West of Duddon Sands on its website, the EIB says anyfinal decision on financing is subject to “appraisal and negotiation”.
In January the EIB – the development bank of the EU – granted a €500m loan to the renewableenergy unit of German utility EnBW for its Baltic 2 offshore wind project.
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