* New wind park to cost 1.4 billion euros, to start in 2015
* Funding ready from development banks, commercial banks,
FRANKFURT Feb 8 Germany's Siemens
said it has won an order worth 700 million euros ($937 million)
to deliver 80 wind turbines to the Butendiek offshore wind power
plant in the North Sea.
The Siemens order includes a service contract for a period
of 10 years, the company said on Friday.
The total cost to set up the wind park with a capacity of
288 megawatts (MW) in the German North Sea some 32 km west of
the isle of Sylt is estimated at 1.4 billion euros.
Project company wpd said that construction would begin in
2014 and operational start-up was scheduled for 2015.
A group of 12 banks, including German state development bank
KfW, the European Investment Bank (EIB), Danish export
credit insurer EKF, UniCredit and Bremer LB
will provide loans totalling 937 million euros.
KfW will lend 239 million euros as part of a 5-billion-euro
financing programme for offshore wind launched in 2011.
The remainder of the capital is to be provided a group of
investors including infrastructure and pension funds Industriens
Pension, Marguerite, and PKA.
"The completion of this financing is a clear signal to the
market - it (offshore wind financing) will be continued," said
KfW Chief Executive Ulrich Schroeder.
Germany last year removed some hurdles to funding of
offshore wind parks, which had been beset by delays linked to
extension of the grid network, approving a draft law under which
liabilities stemming from delays in cabling could be passed on
via an extra charge to consumers.