PRESS RELEASE
17 April 2025

Banking & Finance Team Advises Lender On Revolving Credit Facility For NEAG

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Gowling WLG

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Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
Our Banking & Finance team has advised the lender on an innovative €15 million revolving credit facility for NEAG Norddeutsche Energie AG, a Hamburg-based independent power producer.
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Our Banking & Finance team has advised the lender on an innovative €15 million revolving credit facility for NEAG Norddeutsche Energie AG, a Hamburg-based independent power producer. The facility, structured at holding company (HoldCo) level, will finance the construction of onshore wind projects in Germany. It offers unique flexibility, which can be used for both merchant and EEG-supported projects.

This financing structure is one of the first on the German market to incorporate merchant financing for onshore wind projects, underlining its unique and innovative character. Capcora acted as exclusive financial advisor, overseeing the structuring and securing of the financing.

Gowling WLG advised the French lender on the legal aspects with a team composed of Antoine Pampouille, Partner, Carl El Kalaani, Associate, both Banking & Finance in the Paris office, Carolin Glänzel, Partner, Josephin Schürmann, Associate, both Banking & Finance, Michael Sinhart, Partner and Justus Seitz, Associate, both Corporate/Energy in the Frankfurt office.

NEAG was advised by Simmons & Simmons, CMS Hamburg with a team composed of Marc Riede, Partner and Nicolai Bischof, Counsel as well as DNV. Capcora was composed of a team with of Alexander Enrique, Kuhn Partner and Xueying Wu, Associate.

Contributor

Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.

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