Masdar Closes Financing on 476 MW Baltic Eagle Offshore Wind Project


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.

Photo source

Notify of
Inline Feedbacks
View all comments