A banking consortium including the European Investment Bank (EIB), German KfW IPEX-Bank and Rabobank has agreed to provide €350m to NOP Agrowind for construction of 26 new wind turbines in the existing Windpark Noordoostpolder in the Netherlands. Once complete, the scheme will be the largest wind farm in the Netherlands with a total power output of 195 MW. NOP Agrowind is an initiative of agricultural entrepreneurs along the Westermeerdijk and Noordermeerdijk in the North East Polder of the Netherlands. They will together invest in the construction of 26 Enercon E-126 wind turbines on their lands for a total investment of €420m. The turbines have an installed capacity of 7.5 MW each. The construction process of the new phase started in spring 2013 with infrastructure works for roads and hardstands. Piles have already been driven for the majority of the wind turbines and the first turbine is planned to start generating power as of September 2014. It is expected that the project will be completed in 2016.