KfW Offshore Wind Energy Program
The KfW Offshore Wind Energy Program promotes the expansion of offshore wind energy in Germany by financing wind farm projects in the North and Baltic Seas. It offers loans for construction and to cover unforeseen additional costs, often as part of bank consortia, to accelerate the expansion of renewable energies.
Who is funded
The KfW Offshore Wind Energy Program targets project companies that want to invest in the expansion of offshore wind energy in Germany. The goal is to accelerate the energy transition by promoting wind farm projects in specific German maritime areas.
What is funded
The program supports the construction of offshore wind farms in specific German maritime areas, with projects having to comply with the requirements of the Renewable Energy Sources Act (EEG). Refinancing is excluded from funding.
Type and Scope of Funding
The program offers loans in various forms, including direct loans within bank consortia or as a financing package. The maximum funding amount varies depending on the option and can be up to 700 million Euros per project. An equity share of at least 30% is required, and the loans have a term of up to 20 years.
Conditions and Requirements
Funding is tied to legal and project-related conditions, including compliance with environmental and social standards and KfW's exclusion list. Combinations with other funding programs are limited, but cooperation with commercial banks and the EIB is envisaged.
Application Procedure
The application process varies depending on the chosen financing option: direct loans (A and C) are submitted informally to KfW via a credit institution, while for the financing package (B), the bank-intermediated loan is applied for through the applicant's principal bank. Loan approvals are based on a sharpened
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
700,000,000 €
Open Until:
Ongoing
Award Channel:
Competitive Tender
Region:
German Exclusive Economic Zone (EEZ), 12-nautical-mile zone of the North Sea and Baltic Sea
Sectors:
Renewable Energy, Energy Production and Supply
Beneficiaries:
Offshore Wind Energy
Application Type:
Consortium Required
Funding Stages:
Implementation, Infrastructure
Funding Provider
Program Level:
National
Funding Body:
KfW Banking Group
Managed By:
KfW Banking Group
Additional Partners:
European Investment Bank (EIB), commercial banks, other banks secured by foreign state export credit agencies
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