Berlin, November 3, 2025 – NeXtWind has closed an internationally syndicated debt financing of €1.8 billion, representing a milestone for Germany’s onshore wind sector. Originally structured at €1.4 billion, the transaction was upsized by €400 million following strong global demand, illustrating international financial institutions’ confidence in Germany’s energy transition. Leading banks and insurance companies from North America, Asia and Europe have committed capital at this scale to a German renewables platform for the first time.
The financing package consists of syndicated debt instruments, with participation from more than 15 financial institutions. These debt facilities are complemented by existing equity commitments at the platform level. NeXtWind’s equity platform has been supported by global investors such as Sandbrook, PSP Investments and IMCO since 2023.
From projects to platform
With this transaction, NeXtWind is shifting the focus from individual project finance to a scalable investment platform that connects international capital, regulatory frameworks and local infrastructure.
Moving beyond one-off financings, NeXtWind establishes a structure that institutional investors can scale.
The model aligns global lenders with regional value creation, turning fragmented projects into a coherent asset class.
“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.”
– Lars Meyer, Co-CEO NeXtWind
Strategic foundation: Repowering & Clean Energy Hubs
At the core of NeXtWind’s strategy lies the repowering and optimization of older wind parks – replacing ageing turbines with modern, higher-capacity technology – combined with solar PV and storage. This approach offers:
- Efficiency: more generation on the same land area, minimising land use
- Flexibility: integration of storage solutions for better supply continuity
- Scalability: standardised projects that can be replicated and refinanced internationally
NeXtWind currently operates 37 sites with 500 MW of installed capacity and has a development portfolio exceeding 1.9 GW in permitting and construction. With the new financing, total capacity is projected to surpass 3 GW by 2028, enabling the next wave of integrated Clean Energy Hubs in Germany and, over time, across Europe.
Financing structure at a glance
- Volume: €1.8 billion (initially €1.4 billion; upsized by €400 million)
- Structure: Syndicated debt (5 core facilities, 5-year tenor + extensions)
- Facilities:
- TSA Guarantee Facility (turbine supply agreements)
- Bid Bond Facility (collateral for awarded feed-in tariffs)
- Revolving Credit Facility (development and operating costs)
- VAT Facility (bridging reclaimable VAT receivables)
- CAPEX & Acquisition Facility (repowering, acquisitions, financing costs)
- Accordion Option: up to €900 million for further portfolio growth
- Participants: more than 15 banks and insurers; first-time commitments by major Asian banks at this scale in Germany
- Lazard acted as exclusive Financial Advisor to NeXtWind during the entire process, overseeing i.a. the syndication on their behalf.
- Lead banks: Deutsche Bank, ING, LBBW
- Use of proceeds: acquisition, repowering and optimisation of wind farms; development of a nationwide capacity exceeding 3 GW; rollout of integrated Clean Energy Hubs
- Pentagon portfolio: includes 141 MW previously bridge-financed; now integrated into the platform, lowering costs and enhancing flexibility
KfW IPEX-Bank
“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,” said Dr. Velibor Marjanovic, Member of the Management Board of KfW IPEX-Bank. “It demonstrates our commitment to the transformation of the economy and society while strengthening Germany’s resilience and energy independence.”
Lazard (exclusive Financial Advisor)
“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. 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.”
– Daniel Judenhahn, Managing Director & Co-Head of Capital Structure Advisory DACH
LBBW
“The energy transition requires not only technological innovation but also innovative financing structures. With the support of international investors, we are laying the foundations for a sustainable future. LBBW sees this collaboration with NeXtWind as an important milestone in enabling flexible, platform-based solutions for tomorrow’s energy infrastructure.”
— Jens Heil, Managing Director Sustainable Energy Finance
Signal for capital markets
The financing reflects a broader shift in Germany’s energy transition:
- From projects to platforms
- From local permits to international asset class
- From one-off financings to institutionalised infrastructure
By providing a long-term debt financing solution complemented by platform equity, NeXtWind has created a structure that strengthens the position for the German energy transition as an institutional investment field – accessible to global capital and relevant for banks and municipalities alike.
Next step: building alliances
This financing lays the foundation, but scaling the energy transition further will require institutional partnerships. NeXtWind is inviting dialogue with:
- Investors seeking long-term sustainable returns
- Municipalities aiming to anchor local value creation in global structures
- Regulators providing stability for large-scale investment
- Industry partners treating decentralised infrastructure as a strategic advantage
Press contact
Sarah Dederichs
Expert Communications & Brand Strategy
T +49 171 165 4609
sarah.dederichs@nextwind.de
About NeXtWind
NeXtWind is a Berlin- and London-based renewable energy company focused on repowering onshore wind farms and developing integrated Clean Energy Hubs. Since its founding in 2020, the company has built a portfolio of 37 wind farms with around 500 MW of installed capacity and a repowering development portfolio of more than 1.9 GW currently in permitting and construction. By 2028, NeXtWind aims to increase its generation capacity to over 3 GW, primarily by modernising existing sites with higher-capacity turbines.
NeXtWind’s strategy combines wind repowering with solar PV and storage solutions, creating scalable, standardised projects that deliver efficiency gains, ensure supply security and enable international refinancing. This integrated model lays the foundation for a new generation of decentralised energy infrastructure across Germany and, in the longer term, Europe.
With strong financial backing of USD 750 million in equity commitments from investors including Sandbrook Capital, PSP Investments and IMCO, and a recently secured €1.8 billion syndicated platform financing, NeXtWind is well-positioned to become a leading partner in advancing Germany’s energy transition and shaping the institutionalisation of the renewables sector.