Nordsee One, a 332 MW offshore wind farm in Germany, successfully refinanced its EUR 840 million term loan facility, enhancing financial terms and positioning for sustainable growth.

Target Information

The Nordsee One project is a 332 MW offshore wind farm located approximately 40 km off the island of Juist in the German Exclusive Economic Zone. It is a joint venture between Northland Power and Innogy. All 54 wind turbines at the facility commenced operations in September 2017. The refinancing initiative aims to enhance the project's financial structure and sustainability.

Having successfully achieved project completion ahead of schedule, the refinancing involves a restructuring of its term loan facility, which significantly improves pricing conditions. The total restructured non-recourse term loan amounts to EUR 840 million, demonstrating the project’s financial resilience and strategic importance in the renewable energy sector.

Industry Overview

The German offshore wind industry has experienced significant growth over the past decade, establishing itself as a leader in renewable energy globally. With ambitious targets for the expansion of offshore wind capac