The financing for the construction of the fourth Belgian offshore windfarm in the North sea, known as Nobelwind, has been found. I t was announced on Friday. The work will start in April 2016, and should finish in 2017.
This new park will be built next to Belwind, 47 kilometers from the Ostende coast. It will cover an area of 22 square kilometers, and supply green energy to around 197,000 households.
Investors and financial institutions have provided around 655 million euros. The European Investment Bank (EIB), the main investor, has provided 250 million.