Masdar Closes Financing on 476 MW Baltic Eagle Offshore Wind Project

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Masdar has completed financing of its 49% stake in the 476 MW Baltic Eagle wind farm, located in the German Baltic Sea.

The company and Iberdrola signed a strategic agreement last July to co-invest in the project, scheduled to come into operation by the end of this year. 

This is the company’s first project with Iberdrola. Total lending amounted to €488 million, with participation from ABN AMRO, Credit Agricole CIB, ING, Santander and Siemens Bank. Santander also acted as financial advisor on the deal.


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