The European Investment Bank (EIB) has agreed a €1.2bn loan for a major offshore wind farm in Denmark.
The 1.1GW Thor scheme being built by German utility RWE will consist of 72 turbines, each 15MW, backed up by an offshore converter station and an onshore substation.
Siemens Gamesa will make the turbines.
The wind farm will be off the west coast of Jutland, some 22km from Thorsminde in the municipality of Holstebro.
The main offshore installation works are scheduled to begin in 2025 and to be complete by the end of 2027.
The EIB said Denmark, UK, Germany, Belgium, the Netherlands, France, Ireland, and Norway together want to increase installed North Sea wind generating capacity to 120GW by 2030, and 300GW by 2050.
Michael Muller, RWE’s chief financial officer, said Thor’s turbine blades would be made from recycled material.
Thor will also be the first wind farm to use lower-emission steel turbine towers, he added.
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