EIP finalizes financing for 350MW Wikinger offshore wind farm in Europe

Energy Infrastructure Partners has completed generation of funding in the 350MW Wikinger offshore wind farm in Europe.

The company made a debt raise to partially fund its purchase of a 49% stake in the project. It has to pay Iberdrola €700 million for the shares.

The Wikinger wind farm is located in the German Baltic Sea in the northeast of the island of Rügen. The offshore wind farm consists of 70 Adwen AD 5-135 wind turbines.

According to EIP, it raised €400m of loans from Goldman Sachs, Rabobank and SEB.