Project Financing for Offshore Wind Power Generation Project
Supporting participation of Japanese company in renewable energy project creating sustainable environmental value

  • Area: Europe
  • Infrastructures
  • [Project Finance]

JBIC concluded a loan agreement with Clusius C.V. (CLUSIUS), a limited partnership in the Netherlands invested in by Mitsubishi Corporation (MC) providing project financing*1 for an offshore wind power generation project. The loan is intended to provide the long-term financing that is necessary for CLUSIUS, jointly established by MC and Dutch power and energy company Eneco Holding N.V. (Eneco) to operate the Luchterduinen (Q10) offshore wind farm and sell the generated electricity to Eneco Energy Trade B.V.*2 over a period of 20 years.*3 This project is in line with the Japanese government's "Infrastructure Systems Export Strategy" and the initiative "Actions for Cool Earth: ACE 2.0," which promotes the advancement of low-carbon technologies.
Note
  1. *1Project finance is a financing scheme in which repayments are made solely from the cash flows generated by the project and secured only on the project assets.
  2. *2Eneco Energy Trade B.V. is a wholly owned subsidiary of Eneco Holding N.V., one of the largest Dutch power and energy companies.
  3. *3MHI Vestas Offshore Wind The Netherlands B.V., the supplier of wind power generation equipment for this project, is wholly owned by MHI Vestas Offshore Wind A/S, a Danish company. JBIC has provided financing for the establishment of the Danish company, which is invested in by Mitsubishi Heavy Industries, Ltd.
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