Nordsee One reaches financial close

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Europe

Jonathan Bell

Editor-in-chief

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Project sponsors, Northland of Canada and RWE Innogy (RWE) the German utility, have announced that the €1.2 billion ($1.3 billion) Nordsee One wind farm project has reached financial close. All of the equity contributed to the project and all debt required for the project is now fully committed by the project lenders.