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Projekt Ökovest reaches financial close for the Oldenbroker Feld repowering project - Commerzbank sole project financier

The project financing secured ensures that three Vestas V150-5.6 MW with a hub height of 125 m can be delivered in 2025.

Oldenbroker Feld I wind farm

The construction and operation of the repowering project of WPO Windpark Oldenbroker Feld GmbH & Co. KG is being financed by Commerzbank AG[1] via its “Centre of Competence Energy[HCvS1] ”.

As the sole project financier, Commerzbank provides the debt capital, including all guarantees and collateral required by the approval authorities, owners and manufacturers.

The complete project package submitted by Projekt Ökovest GmbH enabled the approval of the loans required for the implementation and delivery of the wind turbines in line with the schedule following a comprehensive due diligence review.

On the basis of the contract awarded by the Federal Network Agency on August 1, 2023[2], the general contractor Projekt GmbH has been asked to dismantle the four Vestas V66/1650 and four Vestas V80/2000 and install the three EnVentus™ V150-5.6 MW turbines. Commissioning is scheduled for mid-2025.

"We are very pleased that the municipality of Ovelgönne can plan and implement the necessary investments in the long term, also with the support of business tax revenues from the renewable energy projects in the municipality. The Wesermarsch Community Foundation, whose motto "Together for the common good” has nothing to add, has also been able to initiate and support many projects”, said Heike Kröger and Ubbo de Witt, managing partners of Projekt Ökovest GmbH and WPO Windpark Oldenbroker Feld GmbH & Co. KG.

Also look at

NWZ Online - 975.000 euros from the municipal treasury of Ovelgönne
NWZ Online - Ovelgönne recorded record trade tax revenues of four million euros
NWZ Online - Reserves secure the budget
Bürgerstiftung Wesermarsch - Projects from 2015 to now

 

[1] https://www.commerzbank.com/finanzierung-aussenhandel/produkte/finanzierungen/erneuerbare-energien/
[2] https://www.bundesnetzagentur.de/DE/Fachthemen/ElektrizitaetundGas/Ausschreibungen/Wind_Onshore/BeendeteAusschreibungen/2023/Gebotstermin1082023/start.html

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Projekt GmbH

Projektierungsgesellschaft für
regenerative Energiesysteme mbH
Alexanderstraße 404b
26127 Oldenburg
Phone: +49 441 96170-0
Fax: +49 441 96170-10
[email protected]

Projekt Ökovest GmbH

Alexanderstraße 404b
26127 Oldenburg
Phone: +49 441 96170-0
Fax: +49 441 96170-10
[email protected]

WindWerte Kapitalanlagen GmbH

Alexanderstraße 404b
26127 Oldenburg
Phone: +49 441 96170-0
Fax: +49 441 96170-10
[email protected]