Aviva joins team of lenders for the €1.5B Merkur wind farm
Aviva Investor has taken part in the financing of the 396 MW Merkur offshore wind farm in Germany, in the North Sea, 45 km north of the Borkum Islands.
Aviva is joining a group of ten international and local banks which committed approximately €1.2 billion of senior secured debt for the offshore project. The lenders’ group comprised of KfW Mittelstandsbank, under the umbrella of its German Offshore Wind Programme, as well as nine commercial lenders including: ABN Amro, Commerzbank, Deutsche Bank; KfW IPEX; Natixis; Rabobank (Insurance Bank); SEB ; SMBC and Société Générale.
The offshore wind project consists 66 Haliade 150-6 megawatt offshore turbines and generates approximately 1,750 GWh annually, enough clean energy to power around 500,000 homes. It;s completion is expected in March 2019.
Country updates
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July 12, 2018
400 MW offshore wind project in Germany amends financing to secure US$1.8 billion
Merkur Offshore has successfully amended the financing agreements for its 396 MW wind project, securing more competitive terms for senior debt amounting to EUR1.5 billion (US$1.76...
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July 10, 2018
Windwaerts has started the construction of the project
Windwaerts has started the construction of the project. The towers' construction is to commence in September 2018. Completion and commissioning will take place between November and March 2019
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July 09, 2018
Watson Farley & Williams advises aventron for Hochstätten wind farm
Watson Farley & Williams (WFW) has been selected as the legal advisor for aventron's acquisition of the 6 MW Hochstätten wind project located Bad Kreuznach district of Germany’s Rhi...
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July 09, 2018
Germany launches 670 MW wind auction
Germany's Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway (Bundesnetzagentur) has launched the country's third onshore wind auction of 2018. The agency p...
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July 06, 2018
Trianel unit to acquire Zellertal wind project
A unit of Trianel, Trianel Erneuerbare Energien GmbH & Co KG (TEE), is buying the 5.56 MW Zellertal wind park located in Donnersbergkreis district, Germany. The facility i...
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