Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Financial close for the Princess Amalia (Prinses Amalia) offshore wind farm was achieved on 25 October 2006, securing €219 million of senior non-recourse project debt from a lender consortium led by Rabobank and Dexia, alongside BNP Paribas and backed by Danish export credit agency EKF, within a total project capital cost of about €383 million. This financing structure, the first fully non-recourse project finance deal for an offshore wind farm, enabled construction of the 120 MW project to proceed under Eneco’s development.