EIB helps Walney 2 OFTO close
Half of the debt on the deal will be funded by the EIB.
“Long-term financing of the Walney 2 transmission link will bring down the cost of renewable energy paid by consumers,” said Simon Brooks, EIB vice-president for the UK.
Blue Transmission was granted the licence to operate the Walney 1 OFTO in October last year.
Walney windfarm is owned by Dong Energy, Scottish and Southern and OPW, which is jointly owned by Dutch pension administrator PGGM and Ampère Equity Fund.