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21 December 2018

487MW SeaMade offshore wind farm in the Belgian North Sea reaches financial close

The 487MW SeaMade offshore wind farm in the Belgian North Sea has reached financial close. Mott MacDonald is lenders’ technical advisor to an international lending consortium consisting of the European Investment Bank, the Danish Export Credit Agency and 15 commercial banks.

SeaMade includes the construction of two offshore wind farms, the merged 235MW Mermaid and 252MW Seastar, some 35km and 50km off the coast. It will comprise a total of 58 Siemens Gamesa turbines, with a rotor diameter of 167m, on monopile foundations and two offshore substations connected to Belgian transmission system operator ELIA’s modular offshore grid.

The project is being developed by Seamade NV, a joint venture between Otary, Electrabel and Eneco Wind Belgium SA. Construction will start in summer of 2019, while the production is scheduled to begin before the end of 2020.

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