Search results for: Commerzbank

17 results

A list of search results

  • 17 September 2019
    Business & Finance, R&D

    The annual global growth of the offshore wind sector will increase to 19.1GW by 2020, from the 4.3GW in 2018, according to Commerzbank AG. Commerzbank anticipates the global wind market to continue to grow, albeit with regional fluctuations, with an average growth rate of 15% in the offshore wind sector in the next ten years. The German bank said […]

  • 25 November 2010

    C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (situated about 30 km in the North Sea off the Belgian coast). The financing will be provided by a group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW […]

  • 11 September 2013
    Business & Finance

    Recently the existing syndicated working capital credit line for the project developer WKN AG has been prematurely extended for about another two years. The credit line of 29 million Euros secures the firm financial base for the operative business of the next coming years. The bank consortium led by Commerzbank Aktiengesellschaft and the Deutsche Bank […]

  • 17 April 2013
    Business & Finance

    German government-owned development bank, KfW group is considering increasing its presence in the shipping industry, writes Reuters. This announcement follows a previous withdrawal from the shipping business by a number of banks including Commerzbank, Lloyds and UniCredit. KfW doesn’t plan to acquire shipping loan portfolios from other companies but to finance ships for offshore wind […]

  • 1 March 2012
    Business & Finance

    REpower Systems SE yesterday signed an agreement with a consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated loan of EUR 750.0 million. This move enables REpower to secure follow-on financing early for the credit facilities of EUR 600.0 million agreed in May 2009. The loan has a term […]

  • 5 October 2016
    Business & Finance

    Eleven companies doing business in the renewable energy sector have called for investment protection for renewable energy projects in Europe.  Acciona, Allianz, Commerzbank, EDPR, Enel Green Power Gamesa, ERG, E.ON, HgCapital, Rabobank and RES Group said that, while the industry acknowledges the need to adjust regulatory frameworks over time to respond to declining technology costs and market developments, retroactive changes […]

  • 30 June 2015
    Business & Finance, Wind Farm Update

    A consortium including Highland Group Holdings Ltd., Siemens Financial Services and Copenhagen Infrastructure II, a fund managed by Copenhagen Infrastructure Partners, announced today that it arranged the successful financing of the 400 MW Veja Mate offshore wind farm project, for a total project investment of EUR 1.9 billion. The Veja Mate offshore wind farm will operate 95 km North West from […]

  • 19 March 2015
    Wind Farm Update

    The €1.2 billion Nordsee One project has reached financial close announced Canadian-German duo today. Northland, who owns 85%, and RWE Innogy, who owns the remaining 15% of 332MW project, said the equity is contributed to the project and all debt required for the project is fully committed. Approximately 70% of the project’s required costs will be provided from […]

  • 12 August 2016
    Business & Finance

    Amsterdam Capital Partners (Amscap) has acted as an adviser to Merkur Offshore GmbH on arranging the EUR 1.6 billion financing for the 396MW Merkur Offshore wind project, which confirmed financial close today. Michael van der Heijden, Managing Director of Amscap, said: “Merkur is another record breaking transaction in the offshore wind sector, and Amscap is very proud […]

  • 12 August 2016
    Business & Finance, Wind Farm Update

    The 396MW Merkur offshore wind project has reached financial close and is now moving into the construction phase. Merkur is a construction-ready wind farm located approximately 45km north of the islands of Borkum, Germany, in the North Sea. It will consist of 66 turbines and will generate approximately 1,750 GWh annually, once complete. The construction will start […]

  • 21 August 2017
    Business & Finance, Wind Farm Update

    Northland Power’s EUR 1.3 billion Deutsche Bucht (DeBu) project has reached financial close, with all of the equity contributed to the project and all debt required for the project now fully committed by the project lenders.

  • 14 February 2019
    Business & Finance

    Ingka Group, the largest IKEA franchisee with 367 IKEA stores in 30 markets, has acquired a 25% stake in the 402MW Veja Mate offshore wind farm in the German North Sea. Ingka Group is part of a consortium which recently bought an 80% stake in Veja Mate Offshore Project GmbH, the owner and operator of the wind […]

  • 31 August 2018
    Business & Finance, Contracts & Tenders, Wind Farm Update

    German-based offshore wind developer innogy has reached financial close for the 860MW Triton Knoll offshore wind farm in the UK, worth around GBP 2 billion, and moved the project towards construction that starts with the onshore electrical system in September.

  • 12 August 2016
    Business & Finance, R&D, Wind Farm Update

    German wind farm developer PNE Wind recorded EUR 1.4 million operating loss in the first six months of 2016, as compared to EUR 24 million operating profit reported for the same period a year earlier, as the high expenses related to the construction of wind farms dragged the company’s results down. In the first six months of 2016, the […]

  • 5 August 2011
    Business & Finance, Operations & Maintenance, Wind Farm Update

      WindMW GmbH , a company majority owned by funds managed by Blackstone , has completed the financing for “Meerwind,” the largest German offshore wind farm to complete its full financing process. Meerwind is also the first German wind farm to be fully financed by private investors. The 80 turbine wind farm will be situated […]

  • 20 July 2015

    Borkum Riffgrund 1 Turbine installation work is ongoing at the 312MW Borkum Riffgrund 1 offshore wind farm, located 54km off the German coast and around 37km from the island Borkum. The installation, performed by A2SEA’s SEA INSTALLER, reached half way in mid-March. The first of the 78 Siemens SWT-4.0-130 turbines was installed back in August 2014 and the first electricity was already produced mid-February. […]

  • 26 November 2010
    Business & Finance

    C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (located about 30 km in the North Sea off the Belgian coast). A group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW Ipex-Bank, Commerzbank, Dexia and ASN Bank […]