Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In August 2011 WindMW GmbH completed the project financing and took final investment decision for the 288 MW Meerwind Süd|Ost offshore wind farm, becoming the first German offshore wind project to close financing under the KfW offshore wind programme. The roughly €1.2 billion construction investment was provided through a mix of private equity and debt from a consortium of seven commercial banks together with KfW-Bankengruppe and Denmark’s export credit agency EKF, enabling construction to start in 2012.