NeXTWind has secured a syndicated debt financing to scale its German onshore wind platform, according to the company.
The €1.8bn deal was initially structured at €1.4bn and was increased by €400m due to strong demand from more than 15 institutions in North America, Asia and Europe.
NeXTWind said the transaction marks the first time global lenders have committed capital at this scale to a German renewables platform.
The company said the financing supports its model shift from project-by-project funding to a scalable platform structure for acquisitions, repowering and 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 platform currently operates 37 sites totalling 500MW and has 1.9GW in development.
NeXTWind said it expects to exceed 3GW of capacity by 2028 through repowering, new solar capacity and battery storage.
Facilities include turbine supply guarantees, bid bonds, a revolving credit line, a VAT bridge and capex and acquisition financing, with a five-year tenor and extensions.
The company said the financing includes an accordion feature of up to €900m to support further portfolio growth.
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 acted as exclusive financial adviser.
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 said the structure positions German renewables as an institutional investment class and supports alliances between investors, local authorities and industry.