RenewablePress.com

Renewable Energy - Press Center

fotolia 73444491 1280 256

Press Release

Publisher: wpd GmbH

wpd Secures Finance for Nordergründe Offshore Wind Farm

Bremen - wpd AG and its financing banks yesterday signed financing contracts in Frankfurt for the Nordergründe offshore project. According to these contracts, the loans will be provided by KfW IPEX-Bank and the European Investment Bank (EIB) while 100% of the equity will come from wpd offshore GmbH. This means that the finance for the entire investment of around EUR 410 m for the 111 MW project off the coast of Lower Saxony is secure.

Implementation of the project is already in full swing and will now enter a new phase with the start of production for the major components. Following Baltic 1 and Butendiek, Nordergründe will be the third offshore project to be built by wpd and at the same time the very first German offshore project where all the major elements of the job will be supplied and installed exclusively by manufacturers based in Germany and manufacturing in the North West of the country. As well as Senvion (turbines), the companies involved are Ambau (foundations), BVT (transformer substation), NSW (internal cabling) and Bilfinger (installation).

The offshore construction work will begin in March 2016 and will be completed at the end of 2016 with connection to the grid and feed-in. The project comprising 18 turbines of type Senvion 6.2M126 will be constructed in depths of up to 10 metres within the 12 nautical mile zone in the German North Sea, and it will be situated approx. 15 kilometres north east of the island of Wangerooge.


About wpd
wpd develops and operates onshore and offshore wind farms, and is actively engaged in 17 countries around the world; the head office is in Bremen. The company has already realised wind power projects with around 1,700 turbines and an output of 3,000 megawatts, and is planning further onshore projects with a total of 6,700 megawatts. With an order pipeline of 6,400 megawatts, wpd AG is one of Europe\'s leading developers of offshore wind farms.
www.wpd.de


Bremen, June 3, 2015


Publication and Reprint free of charge; please send a voucher copy to
wpd AG.


Attention editorial offices: For further questions please contact

Media contacts:

Christian Schnibbe
Head of Communication
Tel: +49 (421) 16866-10
e-mail: c.schnibbe@wpd.de

Tobias Engelken
Press Officer
Tel: +49 (421) 16866-10
e-mail: t.engelken@wpd.de


wpd AG
Stephanitorsbollwerk 3 (Haus LUV)
28217 Bremen

Internet: http://www.wpd.de



Online press kit - all press releases from DE239541638


Press photos for editorial use only
Note: For the content of this press release the issuer / publisher of the release is »DE239541638« responsible.

The press release "wpd Secures Finance for Nordergründe Offshore Wind Farm" von DE239541638 is also available in the following languages:


More press releases from wpd GmbH


About wpd GmbH

wpd was founded in Bremen in 1996 and has become one of the leading developers and operators of onshore wind and solar farms in Europe. The group of companies consists of wpd GmbH (project developer and operator), wpd windmanager (commercial management and technical operations) and Deutsche Windtechnik (maintenance and engineering).

With 3,700 employees worldwide, wpd has implemented projects with 2,630 wind turbines and a total capacity of 6,110 MW, as well as solar energy projects with a capacity of 35 MW.

Besides developing projects in-house, wpd also undertakes project partnerships, commercial construction, contracting, project financing through to completion and the operation of wind and solar energy plants.

In addition to its home market in Germany, wpd is also active in the main wind and solar markets in Europe, in North and South America, and in various countries in the rapidly growing Asian market. The company has built a global project pipeline of 13,870 MW of onshore wind and 2,300 MWp of solar PV. Today, wpd is active in 29 countries worldwide.

www.wpd.de

Press contact at wpd GmbH

Christian Schnibbe
Mail: c.schnibbe@wpd.de
Phone: +49 (0)421 / 16866-10

Christian Schnibbe

Press contact

Christian Schnibbe

Christian Schnibbe
wpd GmbH
Mail: c.schnibbe@wpd.de
Phone: +49 (0)421 / 16866-10