Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 16 December 2011, the European Investment Bank (EIB) signed a loan agreement to finance the Sheringham Shoal Offshore Wind Farm, providing approximately EUR 93.5 million towards the studies, design, construction and operation of the 317 MW project in the North Sea off North Norfolk. The EIB classified the scheme as supporting the UK’s renewable energy targets, with a total project cost of about GBP 900 million and proposed EIB finance originally up to around GBP 320 million.