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4C is now TGS
We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.
Nordesee One Offshore Wind Farm Nordsee One today reached it's financial close, with this is mind the project is due to reach COD late 2017. After Northland Power sold stock it was able to raise CAD 281 million (£148m) (€ 208m) to fund the Nordsee One project. Northland Power have secured a power contract that ensures a fixed price for 10 years, this includes all capital costs to be repaid. The projects partnership is split Northland 85% and RWE Innogy 15%. RWE previously held a 100% stake in the company but sold 85% off, retaining 15%. Northland, the biggest owner of the EUR1.2 billion(£8.6 billion) (CAD 1.6 billion) Nordsee One offshore wind project, will play an active role throughout construction and operations. Located 40 km off the Germany coast, Nordsee One has a capacity of 332MW. Nordsee Two and Nordsee Three, also acquired, are early stage development projects totalling approximately 670 MW.
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