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EU loan helps fund €1.1bn wind farm

The European Union is providing a loan of up to €300m (£262m) to support construction of a €1.1bn wind farm off the Belgian coast.


The loan is being made through the European Investment Bank (EIB). Most of the money is being guaranteed under the European Fund for Strategic Investments (EFSI), which is at the heart of the Investment Plan for Europe. The total cost of the project is estimated to be around EUR 1.1 billion, of which the EIB will provide approximately 27%.

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