Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In February 2013, the Butendiek offshore wind farm reached its financing agreement, enabling implementation of the 288MW project. The €1.29bn project was financed 67% by debt and 33% by equity, with about €937m in loans from a consortium led by UniCredit, KfW IPEX and Bremer Landesbank, supported by the European Investment Bank, KfW Förderbank and Denmark’s Eksport Kredit, and equity provided by Siemens Financial Services, Marguerite Fund, Industriens Pension, PKA, CDC Infrastructure, EWZ and WPD.