On 28 December 2015 Belwind secured approximately €400,000,000 in funding for the refinancing of its 165 megawatt operational offshore wind farm located on the Bligh Bank, 46km off the Belgian coast. The refinancing is provided by a consortium of senior lenders consisting of Rabobank as Mandated Lead Arranger, and ASN Bank and Belfius Bank as Lenders.

Loyens & Loeff assisted the Belwind team and its shareholders from the early stages up to financial close.

The Loyens & Loeff team has extensive experience with renewable energy projects. The team also acted as counsel to Nobelwind (165 MW) and Northwind (216 MW) in relation to the financing and the construction of their offshore wind farms in the North Sea. It also assisted the lenders and arrangers with the non-recourse financing of the different phases of the C-Power (325 MW) wind farm.

White & Case LLP advised the lenders.