A banking consortium consisting of Rabobank, the German KfW IPEX-Bank and the European Investment Bank will provide a total loan of EUR 350 million to NOP Agrowind. Part of the financing is refinanced through the KfW 207 Energy programme. Thanks to this financing NOP Agrowind will build 26 wind turbines on shore with a total capacity of 195 megawatts the largest wind farm in the Netherlands. These wind turbines are part of the Windpark Noordoostpolder. The involved banks want to stimulate the development and use of renewable energy. Approximately 185,000 households are expected to be benefit from this renewable energy.
The deal reflects Clifford Chance’s leading position in the market for renewable energy projects, which promises to be a growth sector in the years ahead.
The core team from Clifford Chance Amsterdam that worked on this significant project finance deal consisted of Nanette Rutgers, Hein Tonnaer, Wieke Hoge, Willem-Jan Wieland and Jaap Koster. The team was assisted by Folko de Vries, Victor ten Have, Herman Steinvoort, Amin Tamaddoni and Sarah Lewis. Michael Brill (Frankfurt) provided advice in respect of the German law aspects.
