Developing the world’s first project-financed offshore wind farm

Opportunity

The Princess Amalia Wind Farm is located 14 miles (23 kilometers) from the coastline of the Netherlands. The sea there is up to 79 feet (24 meters) deep.

The location was chosen to minimize impact on migrating birds and keep the wind farm invisible from the Dutch coast, but it posed major technical challenges to developers.

The project has a capacity of 120 megawatts and includes 60 two-megawatt Vestas wind turbines.

Solution

As the lender’s engineer for Rabobank, Dexia, and EKF, we helped secure financing for this important project.

Following that success, we were retained to monitor construction. Our leading-edge solutions demonstrated our unique combination of marine, wind, and project finance expertise.

Outcome

Generating around 435 gigawatt-hours of electricity yearly, the Princess Amalia Wind Farm has become the world’s first project-financed offshore wind farm.

The wind farm generates enough power to supply 125,000 Dutch homes in one year, reducing dependence on fossil fuel imports and avoiding 225,000 metric tons of CO₂emissions.

Developing the world’s first project-financed offshore wind farm

Generating around 435 gigawatt-hours of electricity yearly, the Princess Amalia wind farm — the world's first project-financed offshore wind farm — helps reduce dependency on fossil fuel imports, avoiding 225,000 metric tons of CO2 emissions.

Opportunity

Solution

Outcome

Generating around 435 gigawatt-hours of electricity yearly, the Princess Amalia wind farm — the world's first project-financed offshore wind farm — helps reduce dependency on fossil fuel imports, avoiding 225,000 metric tons of CO₂ emissions.