Vestas, Rabobank and Windpark Zeewolde partner up to build Netherlands’ largest wind projectChristian Fernsby ▼ | June 30, 2020
Windpark Zeewolde B.V., Vestas and Rabobank have closed contracts for wind turbines and financing for the Windpark Zeewolde project in the Netherlands.
Netherlands Windpark Zeewolde
Topics: Vestas Rabobank Windpark Zeewolde Netherlands
The project is in the outskirts of Zeewolde, close to the IJsselmeer, on an area that covers over 300 square kilometers.
The wind park currently consists of more than 200 turbines which will be replaced by new Vestas turbines that will generate almost three times more energy with less than half the number of turbines, demonstrating the large potential in replacing older turbines with new and more efficient variants.
The financing of the windfarm will be arranged by Rabobank that will provide both the junior debt and a senior debt loan (approx. EUR 500m) for the construction of the project.
Rabobank was keen to support the financing of this project, due to its cooperative structure comprising of a large client base of the bank in addition to supporting the energy transition.
Vestas has developed a customised solution that comprises a mix of turbine variants from the 2 MW and 4 MW platforms and a 20-year Active Output Management (AOM 5000) service contract, capable of maximising the annual energy production while meeting local restrictions.
The delivery of the wind turbines is expected to begin in the first quarter of 2021. The entire park will be completed in 2022, and it will be the largest onshore wind farm in the Netherlands and the largest community-owned windfarm in Europe. Once repowered, the Zeewolde wind project will generate electricity for more than 250.000 local households. ■