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Green Giraffe advised Rentel on raising debt for the 309 MW offshore wind farm located 42 km from the harbour of Ostend in the eastern part of the Belgian North Sea
Green Giraffe was mandated by the project company to assist in the creation and negotiation of a bankable corporate, commercial and technical structure for the Rentel project in Belgium. Jointly owned by a group of 8 Belgian sponsors, Rentel holds the concession in the Belgian exclusive economic zone, for an offshore wind farm of up to 309 MW. Green Giraffe successfully advised on raising the EUR 850 M non-recourse loan facility, which closed in October 2016. The project comprises 42 Siemens SWT-7.0-154 turbines.
The project has started operation in 2018.
“Thank you for your consistent professionalism and friendly approach during the Rentel transaction. It has also been our pleasure to work with you and with Green Giraffe again. (Christian Lambert, EKF)”