Netherlands' Largest Wind Farm Secures $480M Loan

Law360, New York (February 14, 2014, 2:11 PM EST) -- Netherlands-based renewable energy company NOP Agrowind has clinched €350 million ($479.7 million) in financing to expand its wind project by 195 megawatts from a consortium of banks including the European Investment Bank, Germany’s KfW IPEX-Bank and Netherlands’ Rabobank NA, according to a Friday announcement.

The funds will help NOP Agrowind build an additional 26 wind turbines at its Noordoostpolder wind project, bringing the number of onshore and near-shore turbines to 86, the company said. Once completed, the wind farm, which will be the Netherlands’ largest, is...
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