Two institutions within the KfW group are providing loans totalling €600m to the developers of the 203MW Borkum West 2.2 offshore wind farm in the German North Sea.
German state-owned development bank KfW will provide €300m, while project finance arm KfW IPEX will loan a further €300m to the project.
The money is part of a government scheme for offshore wind financing.
Around 20 shareholders from Germany and Switzerland approved the €800m build. Trianel, EWE and Fontavis are jointly supporting the project.
Borkum West 2.2 will feature 32 Senvion 6.3MW turbines on monopile foundations in water depths between 27 and 33 metres.
Offshore construction is set to kick off in spring 2018 with the project scheduled to be fully operational before the end of 2019.
Image: Borkum West 2.2 will feature Senvion hardware (Senvion)
