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Rautner Advises Windkraft Simonsfeld on Financing of 14 New Wind Turbines in Austria

Rautner Advises Windkraft Simonsfeld on Financing of 14 New Wind Turbines in Austria

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Rautner Rechtsanwalte has advised Windkraft Simonsfeld on a EUR 63 million financing deal with the European Investment Bank and Erste Bank.

According to Rautner Rechtsanwalte, “14 new wind turbines at Poysdorf-Wilfersdorf and Prinzendorf in Lower Austria will be financed by the loan. The majority of the financing, worth EUR 40.9 million, will be provided to Windkraft Simonsfeld directly by the European Investment Bank. The remaining loan amount of EUR 22.1 million will be provided by Erste Bank and refinanced by the EIB. Windkraft Simonsfeld will invest EUR 21 million of its own resources in the wind farms. The 14 new systems are expected to generate more than 158 million kilowatt hours of electricity per year, enough electricity to power 39,500 households in Austria.”

Rautner Rechtsanwalte’s team consisted of Partner Uwe Rautner and Associate Rene Semmelweis.

Rautner Rechtsanwalte did not reply to further inquiries.

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