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.Â
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.
