Veja Mate restructures facilities

Green Giraffe and FIH Partners, acting as exclusive financial advisors, announce the closing of the restructuring of facilities on the Veja Mate project.

The initial transaction closed in June 2015, with Green Giraffe advising 
Veja Mate in raising EUR 1.9bn of funding through long term non-recourse financing senior debt, subordinated debt and equity. FIH Partners advised Copenhagen Infrastructure Partners on their investment in the project.

All 67 Siemens turbines were successfully commissioned in May 2017, take-over occurred in October 2017 and project completion was reached early February 2018.

Veja Mate is a 402MW offshore wind farm located in the German North Sea, approximately 95 km off the island of Borkum. It is owned by Highland Group Holdings Ltd, Siemens Financial Services and CI II managed by Copenhagen Infrastructure Partners.

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