NeXtWind has completed an internationally syndicated debt raise to support its wind and solar repowering strategy. The financing attracted strong interest from lenders in North America, Asia and Europe.
The debt package totals € 1.8 billion, increased from an initial structure of € 1.4 billion due to demand. More than 15 banks and insurance companies are participating, alongside existing equity commitments from investors including Sandbrook, PSP Investments and IMCO.
The company says the deal marks a shift from project-by-project financing to a wider investment platform linking international capital with local energy infrastructure. Its strategy centres on repowering ageing wind farms with higher-capacity turbines and complementing them with solar PV and storage.
NeXtWind currently operates 37 sites with 500 MW of installed capacity and has a further 1.9 GW in permitting and construction. The new funding is expected to support growth beyond 3 GW by 2028.
