The UK Green Investment Bank (GIB), Siemens Financial Services and Macquarie Capital will each take a 25% equity stake in the project off the coast of south-east England.
A consortium of 12 commercial banks and the European Investment Bank is to provide £1.37bn in debt facilities to finance the project.BNP Paribas acted as financial advisor to the project.
“Today’s announcement is the culmination of many months of successful negotiations with our partners and investors and shows that the UK is still a strong market for offshore renewables,” says RWE Innogy chief executive Hans Bünting.
