Latest Issue
Windtech International March April 2024 issue






Merkur Offshore has announce that the 396MWt Merkur offshore wind development project has confirmed financial close. Merkur is a construction-ready wind farm located approximately 45km north of the islands of Borkum, Germany, in the North Sea.

GE will supply 66 Haliade 150-6MW offshore turbines, installed by DEME, and built and operated by Merkur Offshore. Project construction will start immediately and will be undertaken by GeoSea, member of the DEME Group. A total capital investment of circa € 1.6 billion was raised from equity investors and bank lenders on a non-recourse project financing basis. Close to € 500 million in equity was provided by a consortium of five sponsors comprising of Partners Group (50%), InfraRed Capital Partners (25%), DEME Concessions Wind (12.5%); GE Energy Financial Services (6.25%), and, L’Agence de l’environnement et de la maîtrise de l’énergie (ADEME), acting in the name and on behalf of the French State (6.25%). The lenders’ group comprises of KfW Mittelstandsbank as well as nine commercial lenders including: ABN Amro, Commerzbank, Deutsche Bank, KfW IPEX, Natixis, Rabobank, SEB, SMBC and Société Générale.

Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.