EIB Loans €500 Million to Baltic 2 Offshore Windfarm

GALWAY, IRELAND--January 18, 2013 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The largest offshore windfarm in the German Baltic Sea has received a welcome lift with a €500 million ($668 million) loan from the European Investment Bank (EIB).

The Baltic 2 offshore windfarm is being developed by Energie Baden-Wuerttemberg AG (ETR:EBK) (EnBW) (Karlsruhe, Germany) with turbine manufacturer Siemens Energy Incorporated (Erlangen, Germany).