Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 11 July 2006, one day after the Q7 (Princess Amalia) offshore wind project was transferred to Q7 Holding, a term sheet for non‑recourse project financing was signed, securing debt-based project finance for the development, including the 150 kV offshore export sea cable and associated onshore export cable connection. The project was financed on a fully non‑recourse basis, with the major share of investment provided as loans by Dexia Bank, Rabobank and BNP Paribas as mandated lead arrangers, alongside support from Danish state‑owned export credit agency EKF (Eksport Kredit Fonden).