Latest news with #NeXtWind
Yahoo
02-07-2025
- Business
- Yahoo
NeXtWind secures €1.4bn for wind energy growth
NeXtWind has secured €1.4bn ($1.6bn) in debt financing to modernise and expand its onshore wind farms in Germany. The deal includes an additional €1.3bn ($1.5bn) through accordion facilities. With this funding, NeXtWind aims to upgrade more than half of its existing wind farms by 2028, boosting their capacity beyond 1GW. Since its inception in 2023, NeXtWind has become a key player in renewables by acquiring and enhancing older wind farms via repowering using new technology. The company currently operates 37 onshore wind farms with a combined capacity of 450MW. With the current 1.4GW repowering capacity set to finish by 2026, they are poised to supply green electricity annually to about one million households. The company plans to expand generation capacity up to 3GW by 2028 through financed projects and new greenfield developments among other initiatives, as part of its medium-term strategy. NeXtWind Co-CEO Lars B Meyer stated: "This financing is a significant milestone for NeXtWind and testament to the confidence in our business model. 'Thanks to this novel platform approach, we can optimise our wind farms more quickly and accelerate our growth. In the long term, we aim to transform them into state-of-the-art, integrated hubs that can generate, store and distribute energy from various renewable sources in a grid-friendly manner at the right time – all in one place.' The comprehensive loan package is designed with five core components catering specifically to different financial needs associated with repowering such as acquisition term loans and versatile guarantee lines. This paves the way for scaleable infrastructure solutions financing within the renewable energy sectors. Lazard played a pivotal role as exclusive financial advisor throughout this process while Deutsche Bank took charge as global coordinator alongside ING Bank who acted as green loan coordinator along with facility and security agent duties. LBBW also participated significantly as underwriters, mandated lead arrangers and bookrunners on the transaction. "NeXtWind secures €1.4bn for wind energy growth" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Associated Press
01-07-2025
- Business
- Associated Press
Record Financing for NeXtWind: €1.4 Billion for the Expansion of Wind Energy in Germany
Record financing for NeXtWind: €1.4 billion for the expansion of wind energy in Germany BERLIN, GERMANY / ACCESS Newswire / July 1, 2025 / NeXtWind, a leading renewable energy company, has secured €1.4 billion in debt financing. The agreement also includes an additional €1.3 billion in so-called accordion facilities, which can be activated in tranches over the coming years. This syndicated loan is the largest of its kind for an independent wind energy provider in Germany, and it opens the onshore wind market to debt investments from major financial institutions both domestically and internationally. NeXtWind will use the new financing to modernize more than half of its wind farms, increasing their generation capacity to over 1 GW by 2028. Subsequently, the company plans to further develop these wind farms into sustainable energy infrastructure hubs. 'This financing is a significant milestone for NeXtWind and testament to the confidence in our business model,' explains Lars B. Meyer, Co-CEO of NeXtWind. 'Thanks to this novel platform approach, we can optimize our wind farms more quickly and accelerate our growth. In the long term, we aim to transform them into state-of-the-art, integrated hubs that can generate, store and distribute energy from various renewable sources in a grid-friendly manner at the right time - all in one place.' A pioneer in renewable energy Since its founding in 2020, NeXtWind has established itself as a leading independent player in the renewable energy sector. The company acquires and optimizes existing wind farms by installing new turbines alongside state-of-the-art technology ('repowering'). NeXtWind's repowering capacity currently stands at approximately 1.4 GW, with an expected completion date set for 2026. This enables around one million households to be supplied with green electricity every year. In the medium term, NeXtWind is pursuing an ambitious growth strategy. By 2028, it aims to increase the generation capacity to 3 GW. This will be achieved through a combination of wind farms included in the financing and newly built projects ('greenfield'), among others. Innovative financing model on an unprecedented scale This successful debt financing is an important step towards advancing the energy transition. The concept is based on a financing model for onshore wind projects that is unique in Germany to date. Rather than financing individual wind farms separately, existing and future projects are bundled into an innovative platform, leveraging portfolio efficiencies. Once repowering is complete, individual wind farms can be offered as attractive long-term green investment opportunities to a broader range of investors through capital market instruments. The €1.4 billion loan package consists of five core components tailored to the various financial requirements of repowering, including a term loan for acquisitions and investments as well as flexible guarantee lines. This innovative financing approach opens up institutional debt capital on a new scale and creates the basis for scalable financing of infrastructure solutions in the renewable energy sector. Lazard structured the financing and accompanied the entire process as exclusive financial advisor to NeXtWind. Deutsche Bank, ING Bank and LBBW act as underwriters, mandated lead arrangers and bookrunners on the transaction. Deutsche Bank also serves as Global Coordinator, while ING Bank further supports as Green Loan Coordinator, Facility and Security Agent. Renowned insurance companies have also joined the transaction upon closing of the loan agreement to provide part of the guarantee line. Further information on NeXtWind can be found here. Press contact FGS Global Niels Schlesier | +49 162 26 27 473 Rebekka Koch | +49 171 86 01 425 Mail: [email protected] About NeXtWind: NeXtWind is a leading renewable energy provider with offices in Berlin and London. Since its founding in 2020, the company has focused on acquiring and optimizing existing wind farms ('repowering'). It currently operates 37 onshore wind farms with a total capacity of 450 MW and has a total repowering capacity of around 1.4 GW. The company aims to increase its total generation capacity to 3 GW by 2028. In the long term, NeXtWind seeks to build up a sustainable energy infrastructure ('Cleanfrastructure') in Europe. To this end, NeXtWind plans to develop integrated clean energy hubs. With a strong financial backing totaling USD 750 million (investors include Sandbrook Capital, PSP Investments and IMCO), NeXtWind is poised to be a key partner in advancing Germany's energy transition. SOURCE: NeXtWind Management GmbH press release
National Post
01-07-2025
- Business
- National Post
Record Financing for NeXtWind: €1.4 Billion for the Expansion of Wind Energy in Germany
Article content Innovative platform financing enables debt investments in renewable energy on an unprecedented scale NeXtWind plans to quadruple the capacity of more than half of its 37 wind farms by 2028 as part of an increase of its total generation capacity to 3 GW Lars B. Meyer, Co-CEO of NeXtWind, said: 'Thanks to this novel platform approach, we can optimize our wind farms more quickly and accelerate our growth. In the long term, we aim to transform them into state-of-the-art, integrated clean energy hubs.' Article content BERLIN — NeXtWind, a leading renewable energy company, has secured €1.4 billion in debt financing. The agreement also includes an additional €1.3 billion in so-called accordion facilities, which can be activated in tranches over the coming years. Article content This syndicated loan is the largest of its kind for an independent wind energy provider in Germany, and it opens the onshore wind market to debt investments from major financial institutions both domestically and internationally. NeXtWind will use the new financing to modernize more than half of its wind farms, increasing their generation capacity to over 1 GW by 2028. Subsequently, the company plans to further develop these wind farms into sustainable energy infrastructure hubs. Article content 'This financing is a significant milestone for NeXtWind and testament to the confidence in our business model,' explains Lars B. Meyer, Co-CEO of NeXtWind. 'Thanks to this novel platform approach, we can optimize our wind farms more quickly and accelerate our growth. In the long term, we aim to transform them into state-of-the-art, integrated hubs that can generate, store and distribute energy from various renewable sources in a grid-friendly manner at the right time – all in one place.' Article content A pioneer in renewable energy Article content Since its founding in 2020, NeXtWind has established itself as a leading independent player in the renewable energy sector. The company acquires and optimizes existing wind farms by installing new turbines alongside state-of-the-art technology ('repowering'). NeXtWind's repowering capacity currently stands at approximately 1.4 GW, with an expected completion date set for 2026. This enables around one million households to be supplied with green electricity every year. In the medium term, NeXtWind is pursuing an ambitious growth strategy. By 2028, it aims to increase the generation capacity to 3 GW. This will be achieved through a combination of wind farms included in the financing and newly built projects ('greenfield'), among others. Article content Innovative financing model on an unprecedented scale Article content This successful debt financing is an important step towards advancing the energy transition. The concept is based on a financing model for onshore wind projects that is unique in Germany to date. Rather than financing individual wind farms separately, existing and future projects are bundled into an innovative platform, leveraging portfolio efficiencies. Once repowering is complete, individual wind farms can be offered as attractive long-term green investment opportunities to a broader range of investors through capital market instruments. Article content The €1.4 billion loan package consists of five core components tailored to the various financial requirements of repowering, including a term loan for acquisitions and investments as well as flexible guarantee lines. This innovative financing approach opens up institutional debt capital on a new scale and creates the basis for scalable financing of infrastructure solutions in the renewable energy sector. Article content Lazard structured the financing and accompanied the entire process as exclusive financial advisor to NeXtWind. Deutsche Bank, ING Bank and LBBW act as underwriters, mandated lead arrangers and bookrunners on the transaction. Deutsche Bank also serves as Global Coordinator, while ING Bank further supports as Green Loan Coordinator, Facility and Security Agent. Renowned insurance companies have also joined the transaction upon closing of the loan agreement to provide part of the guarantee line. Article content Further information on NeXtWind can be found here. Article content About NeXtWind: Article content NeXtWind is a leading renewable energy provider with offices in Berlin and London. Since its founding in 2020, the company has focused on acquiring and optimizing existing wind farms ('repowering'). It currently operates 37 onshore wind farms with a total capacity of 450 MW and has a total repowering capacity of around 1.4 GW. The company aims to increase its total generation capacity to 3 GW by 2028. Article content In the long term, NeXtWind seeks to build up a sustainable energy infrastructure ('Cleanfrastructure') in Europe. To this end, NeXtWind plans to develop integrated clean energy hubs. With a strong financial backing totaling USD 750 million (investors include Sandbrook Capital, PSP Investments and IMCO), NeXtWind is poised to be a key partner in advancing Germany's energy transition. Article content Article content Article content Article content Press contact Article content Article content FGS Global Article content Article content Niels Schlesier | +49 162 26 27 473 Article content Article content Article content Article content
