Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Deutsche Bucht reached financial close in August 2017, securing a non-recourse project finance debt package of €988 million from a syndicate of ten commercial banks as part of an estimated €1.3 billion total project cost, enabling construction of the approximately 252–269 MW offshore wind farm 95 km northwest of Borkum to proceed. Both the equity sale from Highland Group Holdings to Northland Power and the project debt financing closed in mid‑August 2017.