4C Offshore Empowering Intelligence

Thornton Bank - phase I Offshore Wind Farm

03 Feb 2021: C-Power has concluded the debt restructuring at its 325MW Thornton Bank offshore wind farm in the Belgian North Sea, advised by Green Giraffe. Senvion, its O&M service and original equipment manufacturer, filed for insolvency in 2019. Since then, the project has been operating and maintaining the farm on its own, combining both in-house expertise and outsourced capabilities from a pool of 20+ contractors. It is on that basis that the original lenders of the project have approved the restructuring, taking comfort in C-Power’s proven track record in successfully operating and maintaining the farm. Green Giraffe acted as sole financial advisor to C-Power and the sponsors on this transaction, having already assisted the project with its original financing in 2010 and its debt repricing in 2017. 
Location:
Belgium
Status:
Fully Commissioned
Capacity:
30 MW
4C Offshore | Location Map: Lat(51.544) Lon(2.938)

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General Information
Name
Thornton Bank - phase I
Other Names
Zone 1, C-Power
Country
Belgium
Development Status
Fully Commissioned
Category or Round
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Region
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Comments
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Website
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Developers/Owners/Operators
Type
Organisation

Developer

C-Power nv

C-Power nv

EPC(I)-Balance of Plant

DEME NV

DEME NV

Operator

C-Power nv

C-Power nv

Owner

Socofe

Socofe

Owner

DEME NV

DEME NV

Owner

Nuhma

Nuhma

Owner

EDF Energies Nouvelles Group

EDF Energies Nouvelles Group

Owner

Societe Regionale d'Investissement de Wallonie

Societe Regionale d'Investissement de Wallonie

Owner

Marguerite Fund

Marguerite Fund

Owner

RWE Renewables

RWE Renewables


Offshore Construction Starts
Submitted For Consent
Consent Authorised
Financial Close
First Power
Full Commissioning
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Revenue Mechanism
Revenue Details
Revenue
EUR 107/MWh (EUR 107/MWh)

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Power & Turbines
Windfarm Capacity
30 MW
Turbine Model
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Other Turbine(s) Used
Min. Turbine Capacity (MW)
Max. Turbine Capacity (MW)
Min. Number of Turbines
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Max. Number of Turbines
Total Turbine Height
Hub Height
Rotor Diameter
Foundation Type
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Foundations on Wind Farm
Foundation Comments

Location & Environment
Sea Name
North Sea
Latitude
51.543897°
Longitude
Area
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Depth Range (Chart Datum)
Depth Range (Stated by Developer)
Distance from Shore (Developer)
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Distance from Shore (Computed)

Ports
Installation Base
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Ops and Maintenance
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Grid
Number of Offshore Platform(s)
0
Shared Platform Type
Grid Connection Point
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Cable Landing Point

Export Cables (AC & DC)
Number of Export Cables (AC)
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Average Length per Cable (AC)
Additional Requirements (AC)
Nominal Voltage (AC)
Number of Export Cables (DC)
Average Length per Cable (DC)
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Additional Requirements (DC)
Nominal Voltage (DC)

Nominal Voltage
Comments

Onshore Cables
Number of Onshore Cables
6
Average Length per Cable
Comments
Expected Life