Energie Baden-Württemberg AG (EnBW) has secured EUR500 million (US$546.36 million) in loan financing for the development and construction of the 900 MW He Dreiht offshore wind farm in the North Sea, Germany.
LBBW, KfW IPEX-Bank, and Commerzbank are co-funding the wind project with a syndicated loan that is being guaranteed by the Danish export credit agency EIFO. The wind farm will consist of 64 wind turbines and is expected to be connected to the grid in 2025 around 90 kilometers northwest of the North Sea island of Borkum.
The EUR2.4 billion (US$2.62 billion) wind project is expected to generate enough power for the consumption of about 1.1 million households annually.
Country updates
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June 14, 2023
Encavis commissions 45 MW German solar PV projects
Encavis Asset Management AG has connected two solar projects with a combined generation capacity of 45 MW to the power grid in Germany. The 22 MW Saturn solar park was constructed around a pre-existin...
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June 14, 2023
Omnes secures EUR800mn first close of Capenergie 5 fund
Paris-based private equity and infrastructure specialist, Omnes, had secured the first closing of Capenergie 5, its fifth-generation renewable energy fund, which has secured commitments of EUR800 mill...
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June 13, 2023
Octopus Renewables invests in 11.4 MW wind energy project near Prüm
Octopus Energy has announced its acquisition of an 11.4 MW wind project located on a disused site of a former US air station near Prüm in west Germany. The wind farm is composed of two Nordex tur...
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June 12, 2023
Hamburg commissions 80 MW wind power-to-heat project
Hamburg has completed the construction of an 80 MW wind power-to-heat project located at the site of the coal-fired thermal power station Wedel. The facility, powered by wind energy, will transf...
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June 08, 2023
clearvise secures construction permit for 10 MWp solar project in Sachsen-Anhalt
clearvise AG has secured the construction permit for the development of its 10 MWp Heiligenfelde solar photovoltaic project located in Altmark, Sachsen-Anhalt, Germany. The Heili...
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