Wikinger Offshore Wind

Wikinger Offshore Wind Farm Project - Acquisition Financing

Borrower (s)
Wikinger Offshore Wind
Industry
Renewables/Offshore wind
Area of finance
Project & Infrastructure Finance
Region
Europe
Countries
Germany

Deal Overview

Energy Infrastructure Partners’ (EIP) has acquired the 49% interest in the Wikinger ofshore wind farm from Iberdrola. The €700 million acquisition was partially financed by credit facilities of an aggregate amount of €400 million ($415.4 million). The deal was structured as a holdCo...

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Energy Infrastructure Partners’ (EIP) has acquired the 49% interest in the Wikinger ofshore wind farm from Iberdrola. The €700 million acquisition was partially financed by credit facilities of an aggregate amount of €400 million ($415.4 million). The deal was structured as a holdCo financing and involved extensive discussions between the lenders and Iberdrola on adapting the shareholder agreement. 

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Deal Volume
$415.44m
Financial Close
17 November 2022
Sources
Press release, Proximo article, Submitted by participant(s)

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Projects

Wikinger Offshore Wind Farm Project

Greenfield
Offshore wind
Europe
Germany
$1.34bn