Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 11 August 2016 the Merkur Offshore wind farm reached financial close, securing the full financing needed for construction of the roughly €1.6 billion, 396–400 MW project in the German North Sea. The sponsor consortium of Partners Group, InfraRed Capital Partners, DEME Concessions, GE and ADEME raised about €1.2 billion of senior debt (covering around 70% of capex) from a club of banks including SMBC, KfW Ipex, Deutsche Bank, Commerzbank, Société Générale, Natixis, ABN AMRO and SEB, alongside roughly €500 million of equity.