Latest News

Nextwind raises $1.6 Billion for German Wind Energy Expansion

Nextwind, an European renewable energy provider said that on Tuesday it had secured debt financing of 1.4 billion euro ($1.6 billion) for the expansion a German wind energy project.

This deal allows the Berlin-based company to raise an additional 1.3 billion euro in the next five year if it meets its capacity targets. The financing is the largest ever by an independent German wind energy company.

According to a source familiar with the transaction, Deutsche Bank, ING Bank, and LBBW participated in the financing as well as acting as underwriters.

Nextwind has stated that it plans to increase the total capacity of its onshore wind power generation to 3 gigawatts by 2028.

The funding comes at a moment when European wind energy firms have been affected by U.S. president Donald Trump's decision to stop new federal offshore leasing in this year.

In January, European stocks of wind power fell after Trump stated that he would make sure "no new windmills" are built under his presidency two weeks prior to the start of his term.

AfD, the far-right party in Germany, also threatens to undermine a wind energy industry that is otherwise very strong.

Nextwind's CEO Lars Meyer stated in a press release that the new funding would allow Nextwind to upgrade its wind farms faster. It plans to "repower", or improve, more than half its 37 wind farm.

The current capacity of the company is 450 megawatts. Nextwind announced that it plans to purchase additional wind turbines in addition to repowering.

The company said that once the repowering process is completed, it hopes to market individual wind farms to investors as green investments.

The last major round of investment was announced in 2023 when American companies, including Sandbrook Capital, committed up to $750 millions.

(source: Reuters)