Parkwind reaches financial close on Arcadis Ost wind project off Germany

Belgian developer Parkwind has taken a financial investment decision (FID) on the 257MW Arcadis Ost 1 offshore wind project in the German part of the Baltic Sea.

Offshore installation works are due to start next year, with the wind farm northeast of the island of Rügen expected to be operational in 2023.

“After three years of intense development works, the Parkwind team can be proud of securing the financial close of Arcadis Ost 1,” said Arcadis Ost 1 project director Clément Helbig de Balzac.