You are here:
03 July 2017 / press release

Loyens & Loeff congratulates Northwind with the refinancing of its offshore wind farm

In June, Loyens & Loeff helped Northwind to secure EUR 525,000,000 to refinance its 216 megawatt (MW) offshore wind farm.

Loyens & Loeff congratulates Northwind with the refinancing of its offshore wind farm


The wind farm is on the Lodewijkbank, 37km off the Belgian coast, and consists of 72 wind turbines. It is owned by Aspiravi Offshore, Parkwind and Sumitomo Corporation.


The refinancing came from a syndicate of lenders, including ASN Bank, Belfius, BNP Paribas, Rabobank, ING, KBC, Natixis, Société Générale, Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ and Eksportkreditt Norge.


Loyens & Loeff supported the Northwind team and its shareholders throughout the process. Jones Day advised the lenders.


The Northwind wind farm is owned by Aspiravi Offshore, Parkwind and Sumitomo Corporation.

Belwind, Nobelwind, Norther


Loyens & Loeff has extensive experience with renewable energy projects, including advising Belwind (165 MW), Nobelwind (165 MW) and Norther (370 MW) on the financing and construction of their North Sea wind farms. They also helped the lenders and arrangers with the non-recourse financing of the C-Power (325 MW) and Rentel (309 MW) wind farms.

Contact

For more information, please contact:
Karine Léon T. +32 2 773 23 20
M. +32 478 72 25 57
E. Karine.leon@loyensloeff.com


Ultimate beneficial owners become public in the UBO register

Ultimate beneficial owners become public in the UBO register

Ultimate beneficial owners (hereafter UBOs) of all Belgian companies and foundations have to register in the new Belgian UBO register by 30 November 2018 at... read more
New definition of enterprise: Belgian civil law partnerships become public

New definition of enterprise: Belgian civil law partnerships become public

Belgian civil law partnerships are subject to few formalities under current legislation. At present, they do not have to be registered, nor do they have to keep... read more
Tax Controversy Leaders Guide - 2018 edition - Loyens & Loeff

Loyens & Loeff experts recognised as Tax Controversy Leaders in Belgium

Christian Chéruy, Thierry Charon and Caroline Docclo are recognised as Tax Controversy Leaders in Belgium in the 8th edition of the Tax Controversy Leaders guide,... read more