The wpd group in Bremen is currently preparing the implementation of the offshore wind farm project Butendiek, which will consist of 80 wind turbine generators and will be built 32 km to the west of Sylt in the German North Sea. The project company, Butendiek Offshore Windpark GmbH & Co. KG, has now commissioned KfW IPEX-Bank GmbH and UniCredit Bank AG as Mandated Lead Arranger as well as Bremer Landesbank Kreditanstalt Oldenburg – Girozentrale as Additional Lead Arranger with the structuring of the financing. The three institutes intend to take over a considerable part of the financing themselves. Next to public institutes and an export credit insurer, further commercial banks are to be won over in the next months.
“With KfW IPEX-Bank, UniCredit and BLB, we were able to win over three institutes with experience in offshore financing. With these banks, we have implemented complex financings with confidence and success in the past. Thus, our team is gaining more strong partners for the speedy and secure implementation of this most prominent project”, says Martin Heppe, CFO Offshore of wpd.
