Global Tech I offshore project, powered with AREVA M5000 turbines is Wind Deal of the Year

Paris - AREVA welcomes the announcement that the Global Tech I (GTI) offshore wind project, powered with the group's turbines, has received the "Wind Deal of the Year" distinction.


The award was given by internationally-renowned magazine, Project Finance International (PFI), during an official ceremony held on January 25, in London.


Global Tech I, for which the group will supply 80 M5000 wind turbines, is the only offshore wind project to have raised debt financing in excess of 1 billion Euros. It is the second AREVA-powered offshore wind project to be awarded such financing. In 2008-2009, Willi Balz, initiator of GTI and CEO of Windreich AG had raised 800-million euro equity.


The transaction, signed with a consortium composed of 16 commercial banks, the European Investment Bank and KfW, covers both construction and operation for the GTI project.


Louis-Francois Durret, CEO of AREVA's Renewable Energies Business Group, said: "We are delighted that the Global Tech I project has received the "Wind Deal of the Year" award. It confirms the financial community's confidence in AREVA's wind technology and in GTI shareholder's ability to successfully carry out a complex large-scale project. This recognition will also facilitate financing of new projects that Windreich AG and AREVA may develop together in the future."

Similar Entries

Bienvenida PV plant by ib vogt (pict. b vogt)

. ib vogt completed construction of the Talanx Group’s 180 MWp solar power plant near the town of Bienvenida in Badajoz, Spain. The project commenced commercial operations and achieved its formal Provisional Acceptance (PAC) milestone in the first quarter of this year despite challenges from COVID-19 restrictions.

Assela Wind Farm (pict. Siemens Gamesa)

Siemens Gamesa has signed its first wind power project in Ethiopia with state-owned electricity company Ethiopian Electric Power (EEP), strengthening its leadership in Africa as the country begins to expand its green energy capacity to meet ambitious renewable targets.

Lidar measurement in complex terrain

With the introduction of a solution to allow the standalone use of wind lidar ZX 300 in complex terrain, Deutsche WindGuard has made a successful start to 2021.

Webinar "Operation of Wind Power Plants in Cold Climate 2021" (pict. VGB)

For the first time the results of the VGB Research Project “Comparison of blade-based ice detection systems” will be presented at the webinar
"Operation of Wind Power Plants in Cold Climate".