Shell-Partners consortium ready to build Dutch offshore wind farm
Reuters Staff: JUNE 28, 2018
AMSTERDAM (Reuters) – A consortium led by Swiss investor Partners Group and Royal Dutch Shell said it has secured financing for the building of a 1.3 billion euros ($1.5 billion) wind farm in the Dutch part of the North Sea.
Shell and consortium partners Eneco, Van Oord and Mitsubishi/DGE were awarded the “Borssele 3 and 4” project in December 2016, at what at the time was the Netherlands’ lowest-ever strike price of 54.50 euro cents per megawatt-hour.
Building of the wind farm, which will have the capacity to power around 825,000 households, will start in the fourth quarter of 2019, with production expected to begin in 2021.