Financing structure

A group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW Ipex-Bank, Commerzbank, Belfius and ASN Bank together with export crecit agencies Euler-Hermes of Germany and EKF of Denmark, and the European Investment Bank will provide between them long term facilities totaling € 869 M.

The financing structure is composed of 3 different facilities: EIB Facility, Turbine Facility and Commercial Facility.

  • EIB provided a large funding ticket (EIB facility = 450 M) with a risk cover for about 150 M. EKF guarantees a second part of this facility for an amount of 45 M. The rest of is guaranteed by commercial lenders (255 M);
  • Euler Hermes, as German export agency covers 85% of the REpower contract and the premium and costs associated to the cover (Turbine Facility = 400 M). However, the funding of the corresponding amounts is done by the Commercial Lenders;
  • The Commercial Facility is smaller facility (18.8 M) funded and guaranteed by Commercial Lenders.



Commercial Banks

european investment bank

euler hermes



KBC rabobank
société générale kfw
commerzbank ASN
belfius helaba

 Remark: Helaba took over a part of the KfW particpation in May 2011 (after the financial close)

EIB provided a large funding ticket