EKF supports Seagreen offshore wind project with £304 million guarantee

The Danish Export Credit Agency (EKF) has provided a £304 million guarantee for the Seagreen offshore wind project in Scotland.

EKF is participating in the financing together with the Norwegian ECA GIEK and 12 commercial banks.

SSE Renewables recently announced it had taken a final investment decision to proceed with the Seagreen 1 offshore wind project which will be taken forward together with energy major Total.

The two companies entered into an agreement through which Total will take a 51% stake in the project.

The project, planned to be commissioned in 2024, will feature 114 MHI Vestas 10 MW turbines.