John Laing reached financial close on the acquisition of the Klettwitz Wind Farm, located approximately 80 miles south of Berlin, on December 2, 2015.
The wind farm was first constructed in 2006 but has recently been repowered, with the older turbines being replaced with newer more efficient models, increasing the capacity of the wind farm to 89.1MW.
A total of €146 million of senior debt was provided for the acquisition by Unicredit, BayernLB and Bayerische Versorgungskammer.
On behalf of the senior lenders and John Laing, Operis was pleased to undertake an audit of the financial model representing the transaction which included a review of the model’s tax and accounting treatments.
