Following Project Gemini financial close, Wolfgang Bischoff Siemens Financial Services’ EMEA Head of Energy Investments spoke with leading renewables energy and project finance publications Recharge, IJ Global and Project Finance International about the record breaking EUR2.8 billion transaction and what it means to the developing offshore wind market. Mr Bischoff discusses how the project finance structure can meet the challenge of financing utility-scale capital-intensive offshore wind projects and the role that investment by a captive financial services provider can play.
Mr Bischoff says: ““There are certain situations, especially in project finance, where the presence of Siemens — in this case particularly on the equity side — creates an additional level of comfort for other sponsors, financial investors and particularly senior lenders. You could say it is perceived that Siemens puts skin in the game.”
To read the Recharge article please click here.
To read the IJ Global article please click here.
To read the Project Finance International article please click here.