HSH Nordbank provides financing for Danish wind farm project
HSH Nordbank has provided a long-term financing for the 25 MW Kappel wind farm, which is located on the Danish island of Lolland.
The wind farm was built by Danish developer European Energy and acquired by a fund managed by Aquila Capital, the alternative asset management division of the Hamburg-based Aquila Group.
The project consists of seven wind turbines, all of which are 3.6 MW, by Danish manufacturer Vestas. Six of these are V117 turbines and one is a V126 turbine. The project entered into a long-term full maintenance contract with Vestas.
International law firm Watson Farley & Williams has advised HSH Nordbank AG on the financing of the Kappel wind farm.
Hamburg Banking & Finance Partner, Thomas Hollenhorst. commented:
“Having previously advised our long-standing client HSH Nordbank on the financing of the two Vandel solar parks in Denmark, we’re delighted to have now been able to assist them in their entry into the Danish wind sector, as well as help support their continued expansion in Scandinavia”.
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