120 million euros to boost ENERTRAG

ENERTRAG secures a new €120 million financing deal with Commerzbank, strengthening its ability to develop sustainable energy projects.

Share:

ENERTRAG investi 120 millions dans les énergies durables.

ENERTRAG, has announced the finalization of a new €120 million credit line with Commerzbank. This financing, with an initial term of five years and extension options, will support the company’s ongoing expansion. Simon Hagedorn, CFO of ENERTRAG, emphasizes the importance of this investment for the company’s long-term growth strategy. They will enable us to develop new energy facilities and push ahead with innovative projects.

Impact and Expansion of ENERTRAG Projects

With over 900MW of owned clean energy facilities and a project portfolio exceeding 18GW, ENERTRAG is well positioned to significantly influence the renewable energy market. These projects include 12GW of wind power and 6GW shared between photovoltaic and green hydrogen projects. This financing comes at a time when the company has recently obtained permits for almost 200MW of new wind power installations in Germany .

Prospects for collaboration and growth

The long-standing relationship between ENERTRAG and Commerzbank, strengthened by this latest financing, demonstrates mutual trust. Tim Koenemann, Head of the Competence Center for Green Infrastructure Financing at Commerzbank, says that this financial support is crucial for ENERTRAG to achieve its goals. This new financing for ENERTRAG is more than just a financial transaction. It represents a crucial step in the company’s quest for a sustainable energy future. By investing in the development of its renewable energy capacities, ENERTRAG is strengthening its position in the global energy transition, supported by key financial partners.

  • Populaires ​
Prax Group files for insolvency in the UK after losses at Lindsey refinery
Renewable energy: access improving, but financing still insufficient for Africa
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
The Indonesian-Chinese lithium-ion battery plant will open with 6.9 GWh in 2026
Natural hydrogen: France on the verge of redefining its national and European energy strategy
TGS wins strategic offshore wind contract in Norway
Energy company TGS has won a major high-resolution geophysical imaging contract for offshore wind site characterization in Norway, strengthening its position in this rapidly growing market.
Iberdrola launches metocean studies for Australian offshore wind farm
Iberdrola Australia secures crucial approval from Australian authorities to begin metocean studies for its 3GW Aurora Green offshore project off the coast of Victoria, marking a decisive stage in its development.
ENGIE launches largest wind farm in Africa and Middle East in Egypt
ENGIE begins full operation of the Red Sea Wind Energy wind farm in Egypt, increasing its capacity to 650 MW, four months ahead of schedule, now powering over one million homes in the region.
Tokyo Gas acquires two wind projects in Finland via its European subsidiary
Tokyo Gas, through TOWII Renewables, a joint venture with EWII, purchases two onshore wind projects developed by Finnish company Puhuri, totalling 74.4 MW, marking its expansion beyond the Danish market.
Germany allocates €450mn to modernise Lower Saxony’s electricity grid
The European Investment Bank grants EWE AG historic €450mn financing for the installation of 2,600 km of underground power lines and the upgrade of over 1,100 substations in Lower Saxony.
Japan and Siemens Gamesa sign strategic offshore wind agreement
Japan’s Ministry of Industry and Siemens Gamesa Renewable Energy launch a strategic partnership to develop local offshore wind supply chains and strengthen the country's industrial competitiveness in this energy sector.
Energiekontor launches new investment in Nartum wind farm in Lower Saxony
Energiekontor AG confirms financial close for the Nartum wind farm, adding 23 megawatts to its owned portfolio and starting the construction phase in the Rotenburg district, Lower Saxony.
Airloom Energy launches strategic wind energy pilot project in the United States
Airloom Energy begins construction of a pilot site in Wyoming to test an innovative turbine aimed at enhancing American energy security in the face of anticipated growth in electricity demand.
Sale of wind farm in Peru: ACCIONA Energía receives 253 million USD
ACCIONA Energía transfers the San Juan de Marcona wind farm to Luz del Sur S.A.A., a major player in Peru's energy sector, for up to USD 253 million, pending necessary regulatory approvals.
Encavis acquires two German wind farms totalling 59 MW from Energiequelle
German operator Encavis AG strengthens its portfolio by acquiring two wind farms in Lower Saxony and Saxony, totalling 59 MW, in a transaction with Energiequelle GmbH, thereby expanding its renewable energy assets.
Ocergy launches 15 MW floating wind turbine pilot project with international partners
Ocergy officially launches an industrial project aiming to install by 2028 a new-generation floating wind turbine of over 15 MW, in partnership with EnBW, Kyuden Mirai, and TEPCO Renewable Power.
France Officially Launches Its First Floating Wind Farm in the Mediterranean
France officially commissions its first floating wind farm, consisting of three turbines with a combined capacity of 25 megawatts, introducing strategic technology in the Mediterranean, vital for national energy goals.
France: Petit Doré wind farm delivers its first Breton megawatt-hours
Inaugurated on 20 June, the five-turbine plant of wpd onshore France feeds 18 MW into the grid and unlocks new tax revenue for four Côtes-d’Armor municipalities.
Statkraft reduces offshore wind investments following strategic review
Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.
Suzlon secures 170.1 MW order from AMPIN for Andhra Pradesh
Suzlon Group receives third consecutive order from AMPIN Energy Transition to supply 170.1 MW of wind turbines for a project in India's Andhra Pradesh state, strengthening their strategic industrial partnership.
Scotland approves major 1GW floating wind project off Aberdeenshire coast
The Muir Mhòr floating wind project secures Aberdeenshire's onshore consent, paving the way for the potential production of one gigawatt of electricity, enough to power up to 1.2 million British homes by the early 2030s.
Iberdrola España signs wind energy contract with Renfe for 3,700 GWh
Iberdrola España and Renfe conclude a virtual power purchase agreement for 370 GWh per year for ten years, strengthening the use of renewable energy in Spanish railway transport.
TotalEnergies awarded 1GW offshore wind concession in the North Sea
TotalEnergies has been awarded a concession in the North Sea enabling the development of a 1GW offshore wind project, reinforcing its strategic presence in Germany.
Global Offshore Wind Capacity: 85 GW Achieved, 100 GW Targeted by 2026
With an annual increase of 14%, global offshore wind capacity now reaches 85.2 gigawatts, driven mainly by China, the United Kingdom, and Germany, while another 27.3 gigawatts are currently under construction.
TotalEnergies launches geotechnical surveys for the Jammerland Bugt wind farm
Seabed exploration begins in Jammerland Bay to validate the placement of sixteen turbines and the cable corridor, the first tangible step before construction of the project led by TotalEnergies and European Energy.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS