German utility EnBW has made a firm commitment to build its 2.4 billion euro ($2.6 billion) He Dreiht offshore wind farm, attracting financial help from a consortium of investors. The project, with an installed capacity of 960 MW, is expected to be operational by 2025 and will provide electricity to 1.1 million households. To spread the huge costs, EnBW has sold a 49.9 percent stake in the project to a consortium of Allianz Capital Partners, Danish investor AIP Management and Norges Bank, which will each hold a 16.6 percent stake. EnBW has also secured €600 million in long-term funding from the European Investment Bank and has signed power purchase agreements with Fraport, Evonik, Salzgitter AG and Bosch.