NOP Agrowind is a 195 MW onshore wind farm located along the Westermeerdijk and Noordermeerdijk in the North East Polder (the Netherlands). The wind farm is part of the 429 MW Noordoostpolder nearshore wind farm, the biggest nearshore wind farm in the Netherlands. The project reached financial close in February 2014 and construction was started in spring 2013.
The project was completed in Q3 2016. The wind farm produces over 600 GWh of electricity per year, enough to supply 190,000 households. The total estimated project cost for NOP Agrowind amounts to ca. EUR 420 M. Enercon supplied the 26 turbines with a capacity of 7.5 MW each. Energy company Eneco purchase electricity from the wind farm under a long term contract.
NOP Agrowind is an initiative of agricultural entrepreneurs along the Westermeerdijk and Noordermeerdijk. Green Giraffe successfully advised on raising the EUR 350 M of debt funding from a banking consortium consisting of the European Investment Bank, KfW-IPEX and Rabobank.
Project highlights
- Largest onshore windfarm in the Netherlands
- Owned by the original developers and landowners
- 26 Enercon E-126 WTGs, 127 meter rotor diameter, 135 meter hub height, 7.5 MW
- Provides electricity to approximately 180,000 households
Financing highlights
- Total investment cost EUR 420 M
- EUR 350 M in long term facilities provided by the EIB, KfW-IPEX and Rabobank
- Tenor 17 years including construction