Japan’s JBIC approves €244 million loan for Eneco Luchterduinen offshore wind project

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Japan’s JBIC approves €244 million loan for Eneco Luchterduinen offshore wind project

The Japan Bank for International Cooperation (JBIC) has recently announced it has approved a €244 million (US$275 million) loan for the 129 MW Eneco Luchterduinen offshore wind farm, which is located 23 kilometer off the coast in the Dutch part of the North Sea.

The 129 MW Eneco Luchterduinen wind farm was developed and it is currently owned by a 50/50 joint venture between the Dutch energy company Eneco and Japan's Mitsubishi Corporation. The project was completed at a cost of US$507 million.

The construction work for the project began in October 2013. All turbines were installed by June and the wind farm was officially opened in September 2015. The wind farm has an extension of 25 square kilometers at water depths ranging between 18 meters and 24 meters. 

The offshore wind farm consists of 43 112-3.0MW MHI Vestas wind turbines. Each turbine has a hub height of 81 meters and rotor diameter of 112 meters.The 129 Eneco Luchterduinen wind farm generates electricity to power nearly 150,000 houses.

The finance loan is part of a €442 million (US$498 million) financing package agreed between the state-owned JBIC and private co-financiers. 

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