Financing of the Meerwind offshore wind farm - WindMW and Lenders

IPA provided a forecast of German power prices for the purpose of supporting the financing of the Meerwind offshore wind farm which lies approximately 50km from the German coast.  Once completed, the project will have 288MW installed and is expected to generate enough for about 400,000 inhabitants.  We provided a report that formed part of the WindMW’s submission to external financiers.  Our forecasts covered the period 2011-2045, with a particular interest in the period after 2027 when the project's Feed In Tariff would expire. The EUR822 million financing closed successfully in August 2011.