NeXTWind has successfully closed a syndicated debt financing arrangement to expand its German onshore wind operations, the company announced.
The €1.8bn financing package originally began at €1.4bn but grew by €400m following overwhelming interest from over 15 financial institutions across North America, Asia and Europe.
According to NeXTWind, this transaction represents the first instance of international lenders providing funding of this magnitude to a German renewable energy platform.
The financing enables the company to transition from individual project financing to a comprehensive platform approach covering acquisitions, repowering initiatives and business expansion.
Lars Meyer, co-chief executive officer at NeXTWind, said: "This investment is more than capital – it is a global vote of confidence in our platform model, which bridges international financial strength with local value creation."
He added: "NeXTWind proves that Germany's energy transition is both investable and scalable."
The company's current portfolio encompasses 37 operational sites with combined capacity of 500MW, alongside 1.9GW under development.
NeXTWind anticipates surpassing 3GW of total capacity by 2028 through repowering activities, additional solar installations and battery storage integration.
The financing package encompasses turbine supply assurances, bid guarantees, revolving credit facilities, VAT bridging, and capital expenditure and acquisition funding, structured with a five-year term plus extension options.
The arrangement features an accordion mechanism allowing up to €900m in additional funding to accommodate future portfolio expansion.
KfW IPEX-Bank management board member Dr Velibor Marjanovic said: "We are proud to contribute to this landmark portfolio financing, which sets new standards and enables the large-scale modernisation of Germany's wind energy infrastructure."
He added: "It demonstrates our commitment to the transformation of the economy and society while strengthening Germany's resilience and energy independence."
Lazard served as the exclusive financial adviser for the transaction.
Daniel Judenhahn, managing director and co-head of capital structure advisory DACH at Lazard, said: "The close and trusted collaboration with NeXTWind was vital to the successful realization of this landmark financing in the context of the German energy transition."
He added: "The capitalization that has taken place creates a solid financial and strategic foundation to actively shape the energy transition and further expand the company's leading role in the field of renewables."
LBBW managing director sustainable energy finance Jens Heil said: "The energy transition requires not only technological innovation but also innovative financing structures."
He added: "With the support of international investors, we are laying the foundations for a sustainable future."
NeXTWind noted that this financing framework establishes German renewable energy as a recognized institutional asset class while fostering partnerships among investors, municipal governments and industry stakeholders.
