Project Finance International:​ NeXtWind repowering IPP to use PF

Crestline Investors, Ferd and ARB Investment Partners-backed repowering IPP NeXtWind will use project financing in the development of a 1GW portfolio of renewables, CIO Lars Meyer said. NeXtWind will acquire plants using an initial US$100m in capital commitments and could step into assets that are already leveraged. Once the capital has been deployed the company will approach the project finance and bank market to refinance the portfolio – depending on how much regulatory or PPA-backed life remains on the assets.​