C-Power - EUR 111 M long term non recourse facilities, EUR 20 M subordinated non recourse facility for the construction and operation of the first Belgian offshore windfarm

Dexia as Mandated Lead Arrangers, and Rabobank as Mezzanine Lender, have closed on 23 May 2007 the financing for the construction and operation by C-Power of the first phase of the Far Shore Thornton Bank offshore wind farm, comprising 6 REpower 5M wind turbine generators, located 28 km off the Belgian coast near Zeebrugge.

This is the first offshore wind farm to be built in Belgium and is treated as a demonstration project by the Belgian authorities; its successful completion will likely trigger further development of the sector in the country. This phase will allow a yearly 120 GWh production and avoid the ejection of 45 000 tons of carbon.


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