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Nord/LB Finances Steag Onshore Wind Farm in Eastern Germany

Nordeutsche Landesbank Girozentrale provided 86 million euros ($118 million) to Steag GmbH for the utility’s 43-megawatt wind farm in Brandenburg.

The Ullersdorf wind farm, for which construction started last year and is expected to be completed in October, will consist of 18 turbines supplied by Nordex SE, NordLB said today in an e-mailed statement. NordLB couldn’t immediately answer questions on the debt-equity ratio, tenor and debt pricing when contacted by phone.

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