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EIB funds Thanet Offshore Wind Farm

The European Investment Bank will provide £150 million of long-term funding to Vattenfall's 300 MW Thanet Offshore Wind Farm.

By Kari Williamson

The 100 offshore wind turbine project is thought to be the largest offshore wind farm in operation in the world. It was inaugurated in September 2010, 12 km off Foreness Point, UK.

“The Thanet Offshore wind farm demonstrates how offshore wind can achieve economies of scale and make a significant contribution to renewable energy supply. The European Investment Bank is committed to supporting expansion of the offshore sector to increase experience and drive commercialisation of cutting edge technology.” says Simon Brooks, European Investment Bank Vice President for the United Kingdom.

The European Investment Bank is also expected to fund a transmission link connecting the Thanet wind farm to the national grid.

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