MEAG is financing the 750 MW Önusberget onshore wind farm, currently under construction, in Northern Sweden. The project is owned by renewable energy funds advised by the asset manager Luxcara.
Luxcara and MEAG have jointly advised the financing of the Önusberget wind farm, which is considered to be the world’s largest onshore wind project bond subscribed by institutional investors. The mid-three-digit million bond amount was secured from a group of 17 institutional investors, including the MEAG Infrastructure Debt Funds managed by MEAG and other European insurance groups and pension funds. Equity is provided by renewable energy funds, advised by Luxcara. Deutsche Bank and Intertrust provide agency services for the project.
The proceeds of this landmark transaction will be used to fund the ongoing construction and operation of the 750 MW wind farm. Located in Norrbotten county, the facility is capable of producing power for over 200,000 Swedish homes.
