European Energy Programme for Recovery (EEPR)
In response to the global financial and economic crisis in the years 2008 - 2011, the European Commission launched the EEPR financial support programme in January 2009 by calling for proposals for energy projects in the areas of interconnectivity, offshore wind and carbon capture and storage.
For the innovative substructures and optimized logistics for the Thornton Bank project, C-Power received financial support amounting to EUR 10.000.000.
The breakdown of the construction budget of the windfarm is as follows:
70% of the project is financed by a consortium of commercial lenders and multilaterals: