Bank of Ireland backs world’s second-largest offshore windfarm with £80m commitment

Bank of Ireland backs world’s second-largest offshore windfarm with £80m commitment

Bank of Ireland has announced a major green investment, committing £80m (€93.5m) to support the development of East Anglia 3, which is set to become the second-largest offshore windfarm in the world when it comes into operation in 2026.

Windtech International - Bank of Ireland joins international lenders backing East Anglia 3 offshore wind farm

As Joint Mandated Lead Arranger, Bank of Ireland worked alongside 23 other banks and the Danish Export Credit Agency (EIFO) to design and structure the project financing, while also providing part of the overall funding.

Bank of Ireland commit €93.5m to major offshore wind project

Bank of Ireland has committed £80m (€93.5m) as part of an international lending consortium supporting East Anglia 3, a major offshore wind project set to become the world’s second-largest when it becomes operational in 2026. The East Anglia 3 wind farm, located in the North Sea approximately 70 miles off England’s east coast, will have a capacity of 1.4 gigawatts—enough to supply clean electricity to over 1.3 million homes. Its scale and strateg…