KfW IPEX-Bank is providing about EUR 110 million as part of a consortium supporting the expansion of wind energy in Germany. The total financing, valued at approximately EUR 1.8 billion, involves several banks including Deutsche Bank, ING, and LBBW. This initiative is among the largest wind energy financing projects undertaken in the country.
The funding will support NeXtWind’s efforts to replace existing turbines with more efficient models, a process known as repowering. Through this strategy, NeXtWind intends to quadruple the capacity of over half its 37 wind farms in Germany by 2028 and raise the total output across all its sites to 3 gigawatts.
Dr. Velibor Marjanovic, Member of the Management Board of KfW IPEX-Bank, stated: “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. It demonstrates our commitment to the transformation of the economy and society while strengthening Germany’s resilience and energy independence.”
Lars Meyer, Co-CEO of NeXtWind, commented: “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. NeXtWind proves that Germany’s energy transition is both investable and scalable.”
The project aims to boost efficiency in renewable power generation while supporting national goals for increased use of clean energy.