About Norther and its shareholders and advisors
Norther is a project company owned by Elicio NV, Eneco Wind Belgium SA and Diamond Generating Europe BV.
Elicio NV (“Elicio”), holding 50% of the Norther shares, is a Belgian renewable energy producer operating internationally and active in the development, construction, financing and production of wind energy. Beyond Norther, Elicio is involved as shareholder (via Otary) in the Rentel and Seamade offshore wind projects in Belgium and currently manages 30 operational onshore windfarms with a combined capacity of 226MW (located in Belgium, France and Serbia) and another 57MW currently under construction. The Company is headquartered in Ostend, Belgium.
Eneco Wind Belgium is a top player in the field of renewable energy and has offices in Wavre and Mechelen. The company develops wind turbine parks in Wallonia and Flanders, both on land (onshore) and at sea (offshore). Eneco has a total of 100 onshore wind turbines in Wallonia and Flanders. Eneco Wind also participates in the largest Belgian offshore wind farm, Norther. This park consists of 44 wind turbines with a total capacity of 370 MW and supplies energy to nearly 400,000 families and is fully operational. It is also a shareholder in SeaMmade, an offshore wind farm of 58 turbines with a total capacity of 487 MW. This park is currently under construction and will be operational by the end of 2020.
Diamond Generating Europe is an independent power producer covering power and water generation projects, as well as power downstream business in Europe, Middle East and Africa. It currently has a gross capacity either installed, under construction and under development of 5 GW (1.3 GW net), including two offshore wind farms (680 MW and 129 MW) in the Netherlands, a 950 MW offshore wind farm in UK and onshore windfarms in Northern France.
Green Giraffe acted as financial advisor to Norther. Loyens & Loeff acted as legal advisor to Norther throughout the process and Jones Day acted as lenders ‘counsel.