Norther Revenue and Competitors

Norther is an offshore wind farm – a total of 44 wind turbines – with a maximum capacity of 370 MW that will be built in the Belgian North Sea, within the Exclusive Economic Zone of Belgium, approximately 23 kilometres from the Belgian port of Zeebruges. The concession was granted at the end of 2009, which is when the actual development of the Project began.\r\n\r\nThe shareholders in this project are all parties with the necessary expertise and experience in developing renewable energy projects. Norther is ultimately owned by three parties: Belgian Elicio – a Belgian renewable energy producer operating internationally (50%), Dutch Eneco – a major producer and supplier of renewable electricity, natural gas and heat in the Netherlands and Belgium (25%) and also Diamond Generating Europe (25%).\r\n\r\nOffshore wind is expected to be a key pillar of Belgium’s future energy mix and is projected to represent around 10% of total generated electricity by 2025.