Hamburg Commercial Bank (HCOB) has contributed €75 million to a €1.8 billion financing package supporting NeXtWind’s plans to modernise and repower its German wind farm portfolio, the bank said on Wednesday.
The financing consortium is led by Deutsche Bank, ING, LBBW and other lenders. NeXtWind said the funds will be used to install more efficient, higher-capacity turbines at existing sites to both extend operating lifetimes and increase total output.
The company aims to quadruple the capacity of more than half of its 37 wind farms by 2028 and expand total capacity to 3 gigawatts over the longer term.
Hans Lotzer, head of project finance at HCOB, said the deal demonstrates the bank’s commitment to the energy transition. “We are proud to support NeXtWind in this groundbreaking transaction, which further advances the expansion of climate-friendly renewable energy infrastructure and underscores our expertise as an experienced financier for the energy transition,” he said.
Jörg-Uwe Fischer, head of structured finance at NeXtWind, said the arrangement marks a key step in the company’s growth. “This financing is a significant milestone for NeXtWind and a proof to the confidence in our business model,” he said. “We are delighted that HCOB is supporting us with its experienced team of experts and commitment to the German wind market.”
