Clearwater International advises enercity on raising finance to support the acquisition of a wind park portfolio
Clearwater International has advised enercity Aktiengesellschaft (enercity) on the structuring and arrangement of a syndicated bridge loan facility. The proceeds will be used for the acquisition of a wind park portfolio, located in Germany.
The portfolio consists of 60 onshore wind farms with an output capacity of 365 MW, which is sufficient to supply electricity to around 270,000 households. This acquisition will further emphasise enercity’s ambitious energy transition targets, marking a landmark transaction in its corporate history. It will place the company as the third largest player in the field of onshore wind capacity in Germany.
enercity is a municipal-owned, multi-utility company, headquartered in Hanover, Germany. The company supplies approximately one million people with electricity, heat, and water. In addition, the company offers energy-related services in the areas of electromobility, decentralised energy generation, energy efficiency, telecommunications, and smart infrastructure. With an annual turnover of €8bn and approximately 3,000 employees, enercity is one of the largest municipal energy service providers in Germany.
raised finance to support the acquisition of a wind park portfolio with an output capacity of 365 MWAcquisition financeUndisclosed