C-Power secures EUR 1.3 billion financing for its 325 MW offshore wind project in Belgium, marking a significant advancement in the country's renewable energy initiatives.

Target Information

The target of this deal is C-Power, a 325 MW offshore wind farm located approximately 30 kilometers off the Belgian coast. This project is characterized by a strategic mix of ownership involving a diverse group of investors, including local utility Nuhma, Belgian public investment bodies such as SRIW Environment and Socofe, as well as major European utilities like EDF and RWE. The project holds the concession for the Thornton Bank area in Belgium's exclusive economic zone.

Initially, C-Power successfully constructed a 30 MW phase in 2009 with a focus on budget adherence and timely completion. This initial success set the stage for subsequent phases, which saw the replication of commercial and financing structures for larger-scale developments involving the installation of 48 Repower 6M turbines.

Industry Overview in Belgium

Belgium's offshore wind sector has seen significant growth in recent years, supported by a favorable regulatory environment and strong governmental backing for renewable energy initiatives. The country aims