Amscap is proud to announce that Merkur was awarded the IJGlobal 2016 European Offshore wind deal of the year award. This award is a tribute to all the people that worked so hard to close this transaction in a record breaking time.
Merkur will consist of 66 turbines and once complete will generate approximately 1,750 GWh annually, enough clean energy to power around 500,000 homes. A total capital investment of ca. EUR 1.6 billion was raised by Amscap, from equity investors and bank lenders on a non-recourse project financing basis. Restructuring the project allowed Merkur to attract a strong equity consortium. Equally important, getting the project right allowed Amscap to place the EUR 1.2 billion non-recourse project finance package in a record breaking 4 months from debt launch to financial close. Merkur will be one of Germany’s largest wind farms, located approximately 45km north of the islands of Borkum, Germany, in the North Sea.