The European Investment Bank has granted a loan of €500m ($663m) to what will be the largest offshore wind farm in the German Baltic Sea.

The 228 MW EnBW Baltic 2 will be located in a 27 square kilometre area, in waters up to 44 metres deep, 32 km north of the island of Rugen.

Once operational in 2014, the 80-turbine facility will have an annual output of 1.2 bn kilowatt hours.

The wind farm will be operated by special purpose company EnBW Baltic, which already runs the EnBW Baltic 1 project which is in more southerly waters in the Baltic Sea. However EnBW Baltic 2 surpasses its predecessor in terms of scale and output: it will have four times as many turbines and generate six times more electricity.

Wilhelm Molterer, vice-president of the European Investment Bank, said that EnBW Baltic 2 “sets standards” for future wind farms and will make “a decisive contribution to the success of [Germany’s] energy transition”.

He added that “demanding projects are required so that Germany can implement its ambitious energy aims”.