Joint owners wpd, Marguerite Fund, Siemens Financial Services, Industriens Pension, Pensionskassernes Administration (PKA), Caisse des Dépôts, ewz (Elektrizitätswerk der Stadt Zürich) have announced the successful conclusion of the refinancing for the Butendiek offshore wind farm.
The amount of senior debt raised for the refinancing is in excess € 950 million and has been provided by a syndicate of domestic and international banks together with the EIB at attractive terms. wpd operates the 80 offshore turbine project located just off the island of Sylt and was its project manager during the development and construction phase.