British Utilities
[email protected]
+44 1253 260291

Ørsted gets €500m loan to back renewable energy finance

Heather Trudeau
Borssele, EIB, eu, Finance & Markets, green energy, Infrastructure, loan, Orsted, Renewable energy, wind farms

Ørsted gets €500m loan to back renewable energy finance: Ørsted has signed a deal along with the European Investment Bank (EIB) for a €500 million (£432m) loan to help its renewable energy investments.

The Danish power firm will use the loan to support the Borssele 1 & 2 wind farm, situated off the Dutch coast and its expanded capital expenditures programme on renewable energy projects.

The wind farms include 94 turbines that have a entire capacity of 752MW, producing enough electricity to power 1 million households.

Vice President Kasper Kiim Jensen, Head of Treasury and Capital Planning at Ørsted stated: “We’re very pleased with the commitment from EIB & the strong support they are showing for Ørsted’s investments into the Borssele 1 & 2 wind farms & renewable energy in general.

“With this loan Ørsted has secured long term financing for the project, which is a key enabler towards succeeding with our aspiration to become the world’s leading green energy major.”

Ørsted gets €500m loan to back renewable energy finance

, , , , , , , , ,
Previous Post
Green energy fees to be moved from electricity to gas bills
Next Post
Equinor & Rosneft partner for low carbon resolutions

Related Posts

1/3 Brits are eager

HS2 trains will use zero-carbon electricity.

Heather Trudeau
clean transport, climate change, Efficiency & Environment, electricity, HS2, HS2 trains, Infrastructure, Low Carbon, net-zero, rail, steel, Sustainability, trains, Transport, Uncategorised, zero carbon, zero emission
, , , , , , , , , , , , , , ,
Minister Andrew Stephenson has revealed that HS2 trains would be fuelled by 100 percent zero-carbon electricity from the start. Not only will the HS2 project contribute to the government’s net zero ambitions, but it will also be net zero by 2035. The project has developed a net zero strategy outlining how it intends to reduce…
Read More
1/3 Brits are eager

Earth’s interior draws in more carbon than once believed

Heather Trudeau
Cambridge University, carbon, carbon stores, CO2, Earth's interior, Efficiency & Environment, Infrastructure, NTU Singapore, subduction zones, tectonic plates, Top Stories, volcanic emissions
, , , , , , , , , , ,
Earth’s interior draws in more carbon than once believed: Slow moving crashing of the pieces of Earth’s crust & topmost mantle, named the tectonic plates, are drawing in additional carbon toward its interior than formerly considered. This is reported by the newest research by scientists from Cambridge University & NTU Singapore, who discovered the carbon…
Read More

Subscribe to our newsletter!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

British Utilities will use the information you provide on this form to be in touch with you and to provide updates and marketing.