Luxcara, an asset manager for renewable energy investments, and MEAG, the asset manager of Munich Re and ERGO, have initiated and structured a project bond to finance the wind farm in Norway.
A lower three-digit million euro amount of projects bonds has been privately placed with investors of the Munich Re group. Equity is provided by a renewable energy fund for institutional investors, which is advised by Luxcara.
The financing of the construction and commissioning of the wind farm Eikeland-Steinsland, which has a capacity of 155.4 MW, is based upon a long-term power purchase agreement (PPA) with Facebook.
Country updates
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August 24, 2018
Hydrogen fuel cell sector advances as world's largest electrolyzer manufacturing plant goes into construction
Nel ASA has announced that it has begun construction of the world’s largest electrolyzer manufacturing plant. The plant will be constructed as an extension of the company's cu...
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August 14, 2018
All turbines installed at 256 MW Roan wind farm in Norway
All turbines for the 256 MW Roan wind farm in Norway are already installed. A total of 71 Vestas machines has been erected at the project’s site and most of the plant’s mechanical com...
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August 14, 2018
EIB supports the development of the 1.4-GW NordLink subsea project
As a way to support the development of the 1.4-GW NordLink subsea cable project, the first interconnection between Germany and Norway, the European Investment Bank (EIB) has invested €7100 m...
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August 10, 2018
Siemens Gamesa to provide wind turbines to 208 MW Tonstad wind project
Siemens Gamesa Renewable Energy (SGRE) will supply the Tonstad Wind Farm in Norway with 51 of its SWT-DD-142 Onshore wind turbines. After commissioning, the wind farm will be one of the largest in Nor...
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July 26, 2018
BlackRock Global Renewable Power Fund II has successfully acquired the project and financed it
