Wind turbines at sea
Wind turbines at sea


Pioneering structured investment in offshore wind

Principal investment in Baltic 2, a German offshore wind farm.

Swipe for more
Sector Energy
Sub-sector Renewables
Location Germany


Baltic 2, an offshore wind farm located in the Baltic Sea, is the second offshore wind project by Energie Baden-Württemberg (EnBW), one of the largest energy supply companies in Germany and Europe.


Macquarie Capital worked with EnBW to develop a transaction structure that enabled the sale of a 49.89 per cent stake to Macquarie Capital, whilst meeting EnBW’s objectives to retain control and no asset level debt.


First-of-its-kind transaction

The debt was structured and raised by Macquarie as a large tranche of HoldCo level debt, the first time this innovative transaction structure has been used in the German offshore wind sector

80 wind turbines

Delivering 80 wind turbines with a total of 288MW

Related case studies

No results message:
Displayed when filters returns no results.

Service unavailable:
Displayed when filter service cannot be reached.