Masdar Closes Financing on 476 MW Baltic Eagle Offshore Wind Mission

Masdar has accomplished financing of its 49% stake within the 476 MW Baltic Eagle wind farm, situated within the German Baltic Sea.

The corporate and Iberdrola signed a strategic settlement final July to co-invest within the undertaking, scheduled to return into operation by the tip of this 12 months. 

That is the corporate’s first undertaking with Iberdrola. Whole lending amounted to €488 million, with participation from ABN AMRO, Credit score Agricole CIB, ING, Santander and Siemens Financial institution. Santander additionally acted as monetary advisor on the deal.

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