#1 most loved electric vehicle, solar, & battery news & analysis site in the world. Support our work today!


Browsing the "WindMW" Tag

Blackstone Private Equity Firm Invests in German Offshore Wind…In a Big Way

August 6th, 2011 | by Andrew

Private equity firm Blackstone is investing in offshore wind in Germany in a big way. The company announced it had secured a total of 1.2 billion euros of financing for the 288MW Meerwind North Sea wind farm project, as well as obtaining a permit for Nordlicher Grund, a 64-turbine, 1.3 billion euro North Sea wind farm. A group of seven banks will provide 822 million euros in debt financing with Blackstone supplying Meerwind's equity. Supporting the financing is Germany's feed-in tariff, which locks in rates for Meerwind's electricity output



Back to Top ↑