Belgians can now invest in country's offshore windfarms

Belgians can now invest in country's offshore windfarms
Credit: Belga

Belgian citizens can now invest in offshore windfarms for the first time.

The Limburg intercommunal body Nuhma is investing in green energy, in particular via the Eco2050 cooperative, L’Echo, Het Belang van Limburg and De Tijd reported on Saturday. Families and organisations have been able to buy 50 euros shares in the cooperative since Friday. 

Nuhma, which has been managed by the Limburg communes for a long time, wants to open its capital to citizens. “We want to directly involve them in the transition to green energy and offer them an exciting investment that also includes a bonus ”, says the CEO Ludo Kelchtermans. This offer is open to the whole of Belgium, even if the formalities are currently only available in Dutch. 

The cooperative will invest in Z-Kracht via a subordinated loan. Z-Kracht is the division of Nuhma that is working on the Belgian windfarm in the North Sea. The interest paid on the loan will vary. Eco2050 will receive six percent during the construction phase, which is the riskiest phase. Once the project has got off the ground, the interest rate will vary between four and six percent, depending on the amount of energy produced. Because of this system, ECO2050 will make more profit and will pay a higher bonus during a good year. 

The Brussels Times

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