Bakker Magnetics is starting the production and assembly of magnetic modules which will power GE Renewable Energy turbines for the world’s largest offshore wind farm. SME finance specialist Caple has facilitated €3.9m/£3.4m in funding for this Dutch company. The loan for the North Sea project was provided by BNP PARIBAS Asset Management. The magnetic modules are for GE’s Haliade X – wind turbines. These are the largest available and will be placed in three wind parks off the North Eastern coast of England on the Dogger Bank. When fully operational, these wind parks will generate 3.6 gigawatts of electricity which is enough to power 4.8 million homes in England. The parks are expected to become operational in the course of 2023.
Business Desk 16th April 2021 read more »