Ørsted secures major loan from European Investment Bank

A loan of EUR 500m from the European Investment Bank will underpin Danish power company Ørsted's accelerated investment program as well as the completion of offshore wind farms Borssele 1 & 2.

Photo: Ørsted

Danish utility and offshore wind major Ørsted has filled its coffers through a loan from the European Investment Bank (EIB).

The facility amounts to EUR 500m, given to "support [Ørsted's] increased capex program on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farms off the Dutch coast with a long-term commitment from the EIB."

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