Country:Germany
Year:2011
Policy status:In Force
Jurisdiction:National
Date Effective:2011
Policy Type:Economic Instruments>Fiscal/financial incentives>Loans, Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Policy Target:Wind>Offshore
Policy Sector:Electricity
Agency:KfW Bankengruppe
URL:https://www.kfw.de/inlandsfoerderung/Unternehmen/Energie-Umwelt/index-2.html
Description:

In order to speed up the expansion of offshore wind energy in Germany, KfW supports the financing of offshore projects in Germany on behalf of the Federal Government. Financing is available for the construction of up to ten offshore wind farms in the German Exclusive Economic Zone (EEZ) or in the 12 nautical-mile zone of the North Sea and the Baltic Sea for project companies regardless of the company background. Up to 70 percent of the total debt capital required may be financed, but not more than EUR 700 million per project. Project financing may take place in the form of a: - direct loan in the framework of bank consortia, private commercial banks must participate at the same conditions as KfW and together provide the same amount as KfW or more; - financing package composed of a loan on-lent through a banks and a direct loan from KfW; - direct loan in the framework of bank consortia to finance unforeseen additional costs (cost overrun facility).

Last modified: Wed, 08 Oct 2014 16:00:34 CEST