€500 Million Green Loan Signed For 315 MW Offshore Wind Farm - CleanTechnica

The European Investment Bank (EIB) has provided a €500 million green loan to Iberdrola, supported by the Spanish export credit agency Cesce, to finance the Windanker offshore wind farm currently under construction in the German Baltic Sea. Upon completion, the 315 MW project will feature 21 Siemens Gamesa SG 14-236 DD turbines, each with a capacity of up to 15 MW, and is expected to generate enough renewable electricity annually to power approximately 600,000 people. Turbine installation is slated to begin in 2026, with full commissioning by the end of that year. The project will create about 2,200 person-years of employment during construction and sustain up to 160 permanent skilled jobs during operation. It is projected to reduce carbon emissions by around 672,000 tons of CO2 annually, contributing to Germany’s goal of achieving an 80% renewable electricity share by 2030. The Windanker wind farm is part of a broader push to harness